Cement demand is seen rising 8-9% in FY24

21 Apr 2023 CW Team

Government efforts to build infrastructure will continue to be strong.

Demand will increase this fiscal year by 8–9% on top of a 9% gain in FY22, which will aid in the sector's return to profitability, according to research.

According to India Ratings, which has a neutral outlook for the sector for the year, the sector will remain strong despite the substantial investment pipeline thanks to a recovery in profitability despite inflationary pressure and stable balance sheets.

According to the agency, demand would increase by 8–9% in FY24 compared to a projected 9% increase in FY23, giving the industry a five-year compounded annual growth rate of 4.5%.

Even though the industry is anticipated to raise prices only by a small percentage, softening gasoline costs will help operational margins recover. The agency anticipates operating margins to increase to Rs 950–1,000/MT in FY24 as a result of falling fuel and power prices. However, a spike in the price of coal and petcoke could have negative consequences

Infrastructure Urban

14 Jan 2026

PM Modi Engages Youth at Viksit Bharat Young Leaders Dialogue 2026

Prime Minister Narendra Modi addressed the concluding session of the second edition of the Viksit Bharat Young Leaders Dialogue (VBYLD) 2026 at Bharat Mandapam, New Delhi, marking the culmination of the four-day event on National Youth Day. The programme coincided with the birth anniversary of Swami Vivekananda and witnessed enthusiastic participation from young leaders across the country.Interacting with the youth, the Prime Minister said that many participants were not yet born when he first took oath as Chief Minister, and were still children when he assumed office as Prime Minister in 2014..

India’s Skilling System Shifts to Unified, Outcome-Led Framework

Union Minister of State (Independent Charge) for Skill Development and Entrepreneurship and Minister of State for Education Jayant Chaudhary chaired the first General Body Meeting of the National Council for Vocational Education and Training (NCVET) at Kaushal Bhawan, New Delhi. Addressing the meeting, the Minister said that India’s skilling ecosystem is undergoing a paradigm shift from fragmented systems to a unified, outcome-oriented framework aligned with education, industry and future technologies, with NCVET playing a central role in making the transition credible, transparent and learn..

25th All India Major Port Cultural Meet Concludes at Paradip

The 25th All India Major Port Cultural Meet 2025–26 concluded on a grand note on January 11 at Jayadev Sadan, Paradip Port, after four days of vibrant cultural performances and artistic celebrations. The event was organised by the Paradip Port Authority (PPA) in association with the Major Ports Sports Control Board and brought together cultural talent from major ports across the country.The valedictory ceremony was graced by P L Haranadh, Chairman, Paradip Port Authority, as the Chief Guest. Addressing the gathering, Shri Haranadh congratulated all participating artistes for their captivatin..