Economy & Market
'Cement consumption expected to grow by 10%'
All India cement consumption is expected to grow by 10 per cent to 58 million tonne in the quarter, primarily on the back of small base of one per cent growth last year and strong demand momentum in the Western and Eastern regions, says a research firm Prabhudas Lilladher. It has come with its earning estimates on cement sector for June quarter
Due to continued buoyancy in demand from housing, industrial and infrastructure sector, Western region's consumption is expected to grow by 12 per cent YoY for the quarter, partially benefitted by low base with growth of 4 per cent. On similar lines, consumption in the Eastern region grew by 10 per cent on the back of strong demand in major cement consuming states of West Bengal and Bihar.
Northern region's consumption grew by 11 per cent in the quarter, aided by low base with -0.4 per cent growth and strong demand in Punjab and Rajasthan. Southern region demand witnessed a 10 per cent YoY growth, thanks to negative base of 6 per cent and firm demand in Tamil Nadu.
Consumption growth slowed down in the Central region owing to slow awarding of infrastructure projects in UP under the newly formed government.