India's cement production to fall 25-30% in FY21 as Covid-19 saps demand

Cement production in the country is slated to fall by 25-30 per cent this fiscal as Covid pandemic has sucked demand from end user industries. This is billed as the steepest fall for the industry in any year. Capacity utilisation in FY21 is seen at 40-45 per cent.

Even before the onset of Covid-19, cement producers were wrestling with an economic slump. In the last fiscal, cement output fell by 0.8 per cent as against a growth of 13.3 per cent registered in FY19.

“The cement industry was already impacted by the general economic slowdown prevalent in the economy and now with