Progress in infrastructure and housing sector beneficial for cement sector


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Cement demand is expected to increase by 10 to 12 percent in the current financial year

Demand for cement is expected to grow by 10-12 percent in the current financial year due to the decision to increase spending in infrastructure sectors.

At present, the residents of many cities in the country are seeing new constructions coming up street by street. It is estimated that these projects will take at least two more years to complete and even then construction activity will continue. Under these circumstances, the consumption of cement in the capital of the country has increased significantly. As per the government's policy, the infrastructure sector has been boosted, there is a good chance that the demand for cement will increase in the coming days. According to a report, the demand for cement is expected to increase by 10 to 12 percent in the current financial year as the government has decided to increase spending in infrastructure sectors like roads, railways and power. This percentage was 12 percent in 2022-23 and 8 percent in 2021-22. The government has increased the budget for these sectors by Rs 1.6 lakh crore to a total of Rs 5.9 lakh crore. The budget allocation for key areas of infrastructure has been increased by 38 percent in the current financial year. The housing segment, which accounts for 55 per cent of cement demand, is also set to pick up demand, as demand in rural and, as mentioned above, urban areas has picked up. As the country is due for general elections in the next calendar year, the pace of capital expenditure by the central government is likely to slow down. The demand across the country fell by 2.5 percent in the period from April to August this year, but now it is increasing.

According to a report of a ratings agency, the total demand for cement is estimated to be 440 million tonnes. The performance of cement companies is currently stable, which can be expected to improve in the coming days. Operating profit is expected to increase by Rs 200 per tonne as energy and fuel costs of these companies have reduced. There are 21 cement companies in the country and they supply 90 percent of the country's demand. The share of infrastructure sector in the total demand of cement is about 30 percent.

Meanwhile, according to an analysis, the production in the Indian cement market is expected to increase to 404.11 million tonnes by 2029. In the year 2022, this amount was 277.61 million tonnes, which is estimated to be 404.11 million tonnes by the year 2029 at a CAGR of 5.51 percent. Production was highest in North and East India last year. However, another report says that total production will increase by 6.6 percent to 660 million tons by 2030. Cement demand in the infrastructure sector is 22 percent of the total demand, which will increase to 31 percent by 2030. Demand growth in the infrastructure sector will be at the rate of 10 percent. Most of this cement is being used in the government's Sagarmala scheme. Apart from this, it is also used in large quantities for road construction. The plan for this sector is Bharatmala Yojana, as concrete roads are being constructed under it. As the government has made a plan that every Indian should have his own house, the demand for cement will be high especially in rural areas.

Thus, the production capacity of the cement sector in India is 545 tons per annum. In this view, the production of 337 million tonnes in the year 2021-22 was 62 percent of the capacity. Indian cement business ranks second in the cement sector in the world. First is China. Indian Railways gets Rs 9,000 crore worth of freight annually due to cement traffic. Apart from this, the government gets an income of 50,000 crore rupees in the form of taxes and levies due to this sector.

It is noteworthy that foreign companies like Lafarge-Holcim, Heidelberg Cement and Wicket have invested in India as the Indian government has boosted infrastructure. In the coming days, following this investment, the use of technology in the cement sector will increase. According to an estimate, a new market will emerge in the eastern states and in the next ten years, India is expected to become the first in the supply of clinker and gray cement, surpassing China. As facilities for cement have been set up at ports in Gujarat and Visakhapatnam, it will be of great use in exports.

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