Cement volume growth at 9-year high

The cement industry witnessed its first full year double-digit growth last financial year, after a gap of nine years, as government schemes gave a fillip to rural housing demand. While the growth has helped the bridge demand-supply gap, a repeat is unlikely in the current financial year, say ceme

BY admin
Published - Saturday, 25 May, 2019

The cement industry witnessed its first full year double-digit growth last financial year, after a gap of nine years, as government schemes gave a fillip to rural housing demand. While the growth has helped the bridge demand-supply gap, a repeat is unlikely in the current financial year, say cement manufacturers and analysts. Since there is no official data collected, companies and rating agencies put cement volume growth in the range of 12 to 13 per cent for 2018-19.