Icra predicts cement demand to grow by 6 per cent

Demand for cement is likely to grow by 6 per cent in the current fiscal and further rise to 7 per cent in 2017-18, on improvement in infrastructure segment, according to rating agency Icra. Icra said cement demand was relatively muted at 5 per cent in 2015-16. Cement demand growth will pick up to 6 per cent in 2016-17 and further to 7 per cent in 2017-18... during the current fiscal, it is likely to be driven by the pick-up in the infrastructure segment - primarily road projects and housing segment.