Cement Sector Strong Demand Unlikely to Stimulate Pricing
06/09/2023 Other Services
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Description
Infrastructure-driven investments ahead of the 2024 Lok Sabha elections, which account for 40% of total cement demand (the remaining 60% is contributed by Residential and commercial sectors), are driving a broad-based demand increase in North India, especially Rajasthan.
Cement demand in the North region is expected to grow by ~14%+ in 1QFY24. Udaipur, Dungarpur, and Banswara will gain from the 6-laning of the National Highway segment from Udaipur to Shamlaji. Access to border regions from Jodhpur would be made easier by the Bilara-Jodhpur section of NH-25.
Source: https://rcm.ac.in/cement-sector-strong-demand-unlikely-to-stimulate-pricing/
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Saswat Baral
Individual
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