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'Cement industry to grow at about 7% in FY17'

Tuesday, June 06, 2017

The cement industry is expected to grow at 6-7% in the current fiscal with government's focus on infrastructure development being a key driver of demand, says HeidelbergCement India. A subsidiary of HeidelbergCement Group, Germany, the company also said that while prospects of a normal monsoon augur well for the industry, oversupply may restrict the ability to pass on any input cost increases.

Cement demand growth expectations for 2017-18 is 6-7%, HeidelbergCement India said in an investor presentation.

It cited prospects of normal monsoons, increased focus and outlay for agriculture, infrastructure as well as affordable housing and thrust on construction of cement concrete roads as demand boosters.

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