Cement firms set to report volume growth despite price moderation

The domestic cement industry has seen an average utilisation of 65 per cent over the last 5 years, said industry experts

With the Budget laying thrust on infrastructure, affordable housing and roads to fuel economic growth, the domestic cement industry is poised for a volume surge, albeit at a gradual pace, amid a moderate rise in prices.

“The Budget announcements augur well for the cement industry but it will take time for money to get absorbed in the ground. So, to that extent, the demand pick up (for cement) would mostly be seen from the second half of FY22,” Ravinder Reddy, director of Bharathi Cement, told Business Standard.

However, with land acquisition being a crucial part of any infrastructure development, a