Cement demand to remain strong in FY22 on rural, infra requirement: Icra

Capacity additions to keep utilisation levels under check in FY22, FY23

Rating agency Icra expects the all-India cement production in FY22 at 332 million tonne, up 12 per cent from last year supported by pent-up demand, rural housing requirement and pickup in infrastructure activity.

“The rural housing demand is expected to be supported by the robust kharif harvest and continued healthy procurement, supporting farm income,” the report quoted Anupama Reddy, assistant vice president and sector head of Corporate Ratings, Icra, as saying.

In FY2023, the production is expected to grow 8 percent to around 358 million tonne.

“The significant pick up in the infrastructure activity backed by the National Infrastructure Pipeline (NIP) is likely