Business Standard

Cement production to touch 320 mn tn

Related News

in the country is expected to increase to 315-320 million tonne by end of this financial year from the current 300 million tonne.

“The target was 290 million tonne by the end of this year, which we have already achieved. So, we expect the capacity to increase up to 320 million tonne by the year end,” NA Viswanathan, secretary general, (CMA), said. CMA is targeting to achieve 550 million tonne capacity by 2020.

India is the second largest cement producing country after China with 137 large and 365 mini cement plants. The large plants employ 120,000 people, according to a recent report on the Indian cement industry published by CMA.

It costs Rs 500 crore to add one million tonne capacity, Viswanathan said while addressing the media on the sidelines of the Green Cementech 2011, a two-day seminar organised by the (CII-GBC) here.

Stating that India was seeing an addition of almost 40 million tonne per year, he said in the last five years the production capacity has doubled.

In 1982, the entire cement industry produced 64 million tonne.

“The current consumption is almost 80 per cent of the capacity. The demand is expected to grow at 8-9 per cent this year,” he said.

The consumes about 65 per cent of the total production. As the capacity was increasing, he said the government should look at infrastructure development.

Read more on:   
|
|
|
|

Cement production to touch 320 mn tn

Cement production in the country is expected to increase to 315-320 million tonne by end of this financial year from the current 300 million tonne.

in the country is expected to increase to 315-320 million tonne by end of this financial year from the current 300 million tonne.

“The target was 290 million tonne by the end of this year, which we have already achieved. So, we expect the capacity to increase up to 320 million tonne by the year end,” NA Viswanathan, secretary general, (CMA), said. CMA is targeting to achieve 550 million tonne capacity by 2020.

India is the second largest cement producing country after China with 137 large and 365 mini cement plants. The large plants employ 120,000 people, according to a recent report on the Indian cement industry published by CMA.

It costs Rs 500 crore to add one million tonne capacity, Viswanathan said while addressing the media on the sidelines of the Green Cementech 2011, a two-day seminar organised by the (CII-GBC) here.

Stating that India was seeing an addition of almost 40 million tonne per year, he said in the last five years the production capacity has doubled.

In 1982, the entire cement industry produced 64 million tonne.

“The current consumption is almost 80 per cent of the capacity. The demand is expected to grow at 8-9 per cent this year,” he said.

The consumes about 65 per cent of the total production. As the capacity was increasing, he said the government should look at infrastructure development.

image

Read More

Odisha eases sales restriction on ore from lease-expired mines

Traders say supply to get a boost of 10 million tonnes

Recommended for you

Quick Links

Market News

Nickel rises by 0.1% on Asian cues

Traders strengthened positions amid a firming Asian cues

Oil prices rise further in Asia

Expectations of a decline in US crude inventories and robust economic data from the eurozone helped prices

Markets remain rangebound; HUL up over 2%, Hindalco dips 1%

Investors are optimistic about a possible solution between Greece and its international creditors to avert a debt crisis

Pharma shares in focus; Aurobindo Pharma hits new high

JB Chemicals, Alembic Pharma, Aurobindo Pharma, Ipca Laboratories and Dishman Pharma were up 3%-11% each.

Infinite Computer gains on board approval for share buyback proposal

The stock spurted 5% at Rs 171 after the board approved the buyback of shares at a maximum price of Rs 220 per share from the open market ...

 

Back to Top