Rise in cement demand
Demand for cement is expected to increase at 6% in the current financial year, against 4.6% during the last financial year, which is likely to support cement prices in the near term, says rating agency ICRA. "While the government’s emphasis on the infrastructure projects is likely to result in increased public sector investments, revival of the public private partnership (PPP) is critical to improve the pace of infrastructure development," said Sabyasachi Majumdar, senior vice president, ICRA Ratings. Cement production registered a slow growth of 4.6% during April-July 2016; however this was higher than the 1.4% growth in production during April-July last year.
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