Cement demand to rise mid-to-high single digits in medium-term

17 Jun 2022 CW Team

Fitch Ratings told the media that it believes a sustained gross domestic product (GDP) growth, the government's thrust on infrastructure and affordable housing, and revival of corporate capex will underpin the growth in the cement industry.

It expects India's cement demand to increase by mid-to-high single digits over the medium term after an estimated mid-teen rebound in FY22.

The cement industry's utilisation will drop to 65% from 70%, estimated in FY22, as faster new capacity additions will outpace demand growth.

It will temper cement producers' pricing power, and the industry will consolidate further.

Fitch Ratings said Adani Group's aggressive approach to cement capacity expansion after it acquired Holcim Indian business. It will result in increasing the competition in the industry.

The increased prices by cement producers will not fully counter the energy prices due to the Russia-Ukraine war.

It said that the cement producers' per tonne margin in FY23 will stay much below the pandemic level in FY21 when low energy prices increased profit despite having low demand.

Major cement industries reduced financial leverage since FY20 to support financial flexibility despite lower profitability and plans for higher capital expenditure (capex) expansion.

Fitch Ratings added that the impact of inflationary pressure on cement demand from the Russia-Ukraine war had been limited, but downside risks might increase if macroeconomic conditions deteriorate significantly.

Image Source

Also read: India’s coal imports likely to grow in 2022: Fitch Ratings report

Infrastructure Urban

10 Mar 2026

ABB to Invest Rs 6.25 Billion to Expand India Manufacturing

ABB recently announced plans to invest approximately Rs 6.25 billion ($75 million) in India during 2026 to expand its manufacturing footprint and research and development capabilities. The investment follows more than $35 million spent in 2025 and reflects the company’s continued focus on strengthening its ‘local-for-local’ strategy in the country.The investment will support ABB’s Electrification, Motion and Automation businesses and expand manufacturing capacity for infrastructure sectors such as renewable energy, metro rail, data centres and industrial applications. Approximately 300..

Six WOLFF Cranes Handle 60,000 m³ Concrete for German Hospital

Six WOLFF tower cranes are playing a key role in constructing a new hospital complex in Memmingen, Germany, supporting large-scale material handling for the project. The facility is being built on a 7.7-hectare site and will feature six floors, around 480 beds and a gross floor area exceeding 75,000 sq m.Building shell works began recently in February 2025. One WOLFF 6531.12 Cross crane supported early site preparation before being dismantled in autumn 2025, while five remaining cranes continue operations. Over an average deployment period of 16 months, the cranes are expected to move approxim..

REC Funds Rs 115.6 Million CSR Support for Bihar Eye Hospital

REC recently committed Rs 115.6 million under its Corporate Social Responsibility (CSR) programme for the procurement of clinical and non-clinical equipment at Sankara Eye Hospital in Saharsa, Bihar. The initiative aims to strengthen healthcare infrastructure and improve access to specialised eye care services in the region.A Memorandum of Agreement (MoA) was recently signed between Pradeep Fellows, Executive Director (CSR), REC Limited, and Wg Cdr V. Shankar (Retd), Trustee and Executive Director of Sankara Eye Hospital, at the REC office in the SCOPE Complex, New Delhi.The support is expecte..