Cement sector growth expected to remain steady this FY

Despite some easing in pet coke, diesel costs and revised axle norms, cement price hike remains critical from profitability perspective as per ICRA report. <ul> <li>7% and 8% – of demand growth is estimated in FY 2019 and FY2020 respectively</li> <li>15% – year-on-year growth in cement produc

BY Realty Plus
Published - Jan 4, 2019 9:09 AM

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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 Also read http://realtyplusmag.com/karnataka-deputy-cm-g-parameshwara-supports-move-to-revive-steel-bridge/

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Tags : Latest News ICRA growth of the economy report FY report ICRA report demand growth growth