‘Outlook for Cement Industry in FY 2022 is sanguine.’ CARE ratings
Cement Industry

‘Outlook for Cement Industry in FY 2022 is sanguine.’ CARE ratings

The overall impact of budget proposals on industry has been positive. However while reviewing the construction sector and cement specifically, the impact is more pronounced. CARE rating agency has come out with a report on how the turnaround is going to happen in 2021-22.

The first two quarters were clear washout for the cement business. However green shoots were seen from third quarter onwards. The initial pickup in numbers happened due to pent up demand since economy started on positive note after a major disruption. The capacity utilisation is also set to improve. "Budgetary allocation made towards roads development, housing and rural infrastructure is slated to lead to an increase in demand for the months to come but at the moment the industry is riddled with the COVID-19 pandemic and issues associated with it.

For more details read…..

Related Stories

No stories found.