The managing director of Dalmia Bharat believes industry supply will outstrip demand in the short-to-medium term even as leading companies race to ramp up production capacity
The domestic cement industry is expected to see a volume growth of about 8 percent this fiscal year, largely on the back of rising demand for affordable housing and the government’s massive capex gambit of Rs 10 lakh crore. Against this backdrop, leading cement companies have announced aggressive expansion plans. In fact, last week, UltraTech, the largest domestic cement manufacturer, entered an agreement to acquire Kesoram Industries’ cement business in a Rs 7,600-crore deal to expand in the southern and western regions.