HeidelbergCement India expects 6-7% market growth

HeidelbergCement India expects cement demand to increase by 6-7 per cent in FY17-18, with the government’s focus on infrastructure being considered a key driver.

The company also said that while prospects of a normal monsoon bode well for the industry, oversupply may restrict the ability to pass on any input cost increase, it said in an investor presentation.
 
The Economic Times of India highlighted that HeidelbergCement cited prospects of normal monsoons, increased focus and outlay for agriculture, infrastructure as well as affordable housing, and a thrust on construction of cement-based concrete roads as key demand drivers going forward.