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After a weak April, cement demand to fall by 10-12 per cent in FY21

Experts say that the cement demand during the first quarter of the financial year is typically led by housing (60-65 per cent), followed by infrastructure segment (20-25 per cent).

Topics
Lockdown | cement industry | Cement demand

Ujjval Jauhari  |  Mumbai 

With activity at a near standstill, cement volumes have declined sharply. Analysts at Centrum Broking indicate an average volume impact of 90 per cent in April.

Though some respite for construction activities was given by the government in the last 10 days of April, this has not helped cement companies, yet. Cement sales stood at just 15-20 per cent of their normal average in April, according to Binod Modi of Reliance Securities. ALSO READ: SBI Life reports 8% growth in pre-tax profit for Q4FY20; margin improves Experts indicate cement demand during the June quarter is ...

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First Published: Tue, May 05 2020. 20:59 IST
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