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Cement sector growth expected to remain steady this fy

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Despite some easing in pet coke, diesel costs and revised axle norms, cement price hike remains critical from profitability perspective as per Icra report 7% and 8% – of demand growth is estimated in FY 2019 and FY2020 respectively 15% – year-on-year growth in cement production was seen in seven months of FY2019 15-18 million tonne per annum – of capacity to get added in FY19-FY20, primarily in eastern and central regions 5% to 10% – drop in cement prices in most of the markets in the North and South 67% – improvement in capacity utilisation expected in FY2019 70% – improvement may be seen in FY2020

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