Cement News tagged under: ICRA

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Indian demand expected to fall 25% in FY21

24 July 2020, Published under Cement News

Cement demand in India is forecast to contract by up to 25 per cent in FY20-21 due to the coronavirus lockdown and subsequent specific restriction on construction activities, according to ratings agency ICRA. The downturn would be mainly felt in cities while rural housing and infrastructure projects in remote areas are expected to continue to support cement demand. "ICRA expects cement demand to de-grow by 22-25 per cent in FY2021 given the prolonged nationwide lockdown and subsequent stat...

Indian cement consumption to rise by 7-8 per cent in FY19-20

10 January 2019, Published under Cement News

Rating agency ICRA forecasts that domestic cement demand in India will grow seven per cent YoY in FY19 and by around eight per cent in FY20, driven mainly by rural and affordable housing projects as well as larger infrastructure projects for roads, irrigation and metro development. The agency estimates a cement supply rise of approximately 15-18Mta in FY19-20. "The domestic cement capacity utilisation is expected to remain moderate at around 70 per cent in FY20 despite an estimated demand...

ICRA: India’s FY19 cement output to rise 6% YoY

27 June 2018, Published under Cement News

With a recovery in the affordable and rural housing markets and infrastructure construction picking up, India’s domestic credit rating agency ICRA expects cement production in India to rise by six per cent in FY19. However, rising input costs will continue to dampen company profits. Output from India’s cement plants reached 298Mt in FY18, a 6.3 per cent rise when compared with the 280Mt. The main share of this growth took place in the second half of the financial year as key markets regi...

Indian cement industry may post flat growth in FY19

10 April 2018, Published under Cement News

The Indian cement industry is expected to post a flat growth of approximately five per cent in FY19, despite an increase in demand and a positive outlook, according to an ICRA report. The profitability margins and debt metrics of cement companies could be negatively impacted by higher petcoke, coal and diesel prices. "The cement demand has picked up from 3QFY18 and the trend is expected to continue in 4QFY18, but the growth of the industry may remain flat at five per cent in FY19," said I...

India: ICRA forecasts cement demand to rise 6% in FY17

30 June 2016, Published under Cement News

Indian-based ratings agency ICRA has forecast that domestic cement demand will rise by six per cent in the 2016-17 financial year, the Economic Times reports. It’s assessment for FY18 is for even more rapid growth of seven per cent. Senior Vice President Sabyasachi Majumdar said: "Cement demand growth will pick up to six per cent in 2016-17 and further to seven per cent in 2017-18... during the current fiscal, it is likely to be driven by the pick-up in the infrastructure segment - primar...