Budget 2022: Cement sector may shine with infra announcements, say analysts

Schemes to develop rural infrastructure and boost incomes, coupled with an extension of real estate incentives, would be key triggers for the sector in the Budget. A higher allocation to ongoing schemes targeted at the rural segment — be it the Pradhan Mantri Gram Sadak Yojana for the roads sector, the Pradhan Mantri Awas Yojana for housing, or the Mahatma Gandhi National Rural Employment Guarantee Act for rural employment — is expected to drive demand for the cement sector. As will allocating more funds to highways, expressways and other infrastructure projects.

Say analysts at Axis Securities, “Under the NIP (National