Cement production falls 5.5% in Feb

Cement manufacturers had cut down or deferred capital expenditure given the fall in demand and also as companies looked to conserve their capital/cash flows but lately many of the players have been announcing expansion of capex guidance plans.

Slow pick-up in infrastructure projects and waning pent-up demand has led to a drop in production of cement in the country. During February, production fell by 5.5 per cent compared with 5.8 per cent decline in January 2021 and 7.8 per cent increase in February 2020.

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