Tuesday, June 28th, 2022

Cement Demand To Grow Up To 20% In FY2022

Cement demand in India is expected to increase by 18%-20% in FY2022 over FY2021 with the volumes reaching back to around FY2019-FY2020 levels, amid a strong rural demand including affordable housing and a recovery in the infrastructure segment.

“After a sharp contraction in volumes in FY 2021, ICRA expects it to grow by 18%-20% in FY2022. The rural off take is likely to be supported by the positive farm sentiment with the timely rabi sowing and favorable groundwater and reservoir levels, which are likely to boost rabi yields,” said Anupama Reddy, Assistant Vice President, ICRA.

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