Demand for cement likely to outpace supply in north and east India
Despite capacity additions in the country’s northern and eastern regions, the demand for cement in these parts is expected to outpace the supply in the next two-three years, leading to shortage. In turn, prices are expected to firm up the most in these two regions. In the recent past, prices in the western part of the country rose by over five per cent followed by north, where it increased by three per cent. In the central region, which is dotted by numerous limestone reserves, prices were up by two per cent. However, cement prices in south and east India declined by two and three per cent, respectively. A MotilalOswal report stated cement prices across India were likely to increase by a marginal one per cent on a quarter-on-quarter basis because of the divergent price trends across the country.
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