UltraTech Cement - September 2017
UltraTech expects domestic cement demand to return to “normal levels” on the back of renewed infrastructure spending by the Indian government. An improvement in the Indian economy has led to a rise in rural demand, particularly for housing, along with a string of planned road, port and other transport projects. According to the company, the last few years have been characterised by weak volume growth due to a slowdown in housing and the commercial market. Despite this, domestic cement production capacity has increased by 50Mta in the last three years.
