Rise in construction activities to propel cement demand by 7-8%: UltraTech

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Rise in construction activities to propel cement demand by 7-8%: UltraTech - Business Standard

Quick Summary:

Demand for cement is projected to grow 7-8 per cent in the current financial year, helped by an increase in construction activities throughout the country, UltraTech Cement said in its latest annual report.

"In FY 2024-25, cement demand is projected to grow 7-8 per cent driven by an increase in construction activities throughout the country, spread across the infrastructure and housing sector," said UltraTech.

To meet this increased demand, the cement industry is expected to add 35 - 40 million tonne capacity in the next fiscal, with 60-65 per cent concentrated in the eastern and southern regions, said the Aditya Birla group flagship firm.