Cement sales volume to grow around 10% in FY24

19 Oct 2023 CW Team

The cement industry in India is poised for substantial growth, with expectations of a 9 to 10 percent increase in sales volume during the current fiscal year, largely driven by robust demand emanating from the infrastructure and urban housing sectors. According to a report by the rating agency Icra, the industry enjoyed a commendable volume growth of approximately 12 percent during the first half of this fiscal year, spanning April to September.

However, the report notes that there may be a degree of growth moderation in the second half of the fiscal year. This adjustment is attributed to the impact of below-normal monsoons, which have adversely affected crop yields and, consequently, rural incomes. Consequently, demand for rural housing in certain regions may experience a downturn.

Furthermore, the report highlights the potential for the forthcoming state elections to lead to a slowdown in the allocation of funds for ongoing infrastructure projects. This, in turn, could introduce some downside risks to cement volume off-take in the latter part of the fiscal year 2023-24. Nevertheless, the overall outlook for the Indian cement industry remains positive, driven by the sustained momentum in the infrastructure and urban housing sectors.

Infrastructure Transport

20 Jan 2026

HG Infra Arm Gets Appointed Date for Rs 7.63 Bn NH-227B Project

HG Infra Engineering said its wholly owned subsidiary, HG Bahuvan Jagarnathpur Highway, has received the appointed date for a major National Highway project in Uttar Pradesh. The appointed date has been declared by the Superintending Engineer, National Highways Circle, Public Works Department (PWD), Lucknow.The project involves the improvement and upgradation of a two-lane highway with paved shoulders on the newly notified National Highway-227B. The stretch covers the Bahuvan Madar Majha to Jagarnathpur section under the “84 Kosi Parikrama Marg” in Uttar Pradesh, an important religious and..

Kalpataru Projects Sells Vindhyachal Expressway to Actis for Rs 7.75 Bn

Kalpataru Projects International (KPIL) has completed the sale of its 100 per cent equity stake in Vindhyachal Expressway (VEPL) to global infrastructure investor Actis for an enterprise value of Rs 7.75 billion. The company said definitive agreements for the transaction were executed on October 9, 2024, subject to customary closing adjustments.VEPL is a special purpose vehicle established to develop and operate an 89.30-km four-lane highway connecting Rewa to Hanumana on the Madhya Pradesh–Uttar Pradesh border along National Highway-7. The project was awarded by the Madhya Pradesh Road Deve..

Gadkari Flags Off Rs 44 Bn National Highway Projects in Vidisha

Union Road Transport and Highways Minister Nitin Gadkari inaugurated and laid the foundation stone for multiple National Highway projects worth around Rs 44 billion in Madhya Pradesh’s Vidisha parliamentary constituency, marking a major push to regional road infrastructure and connectivity.Union Minister Shivraj Singh Chouhan said the projects would significantly benefit the region by improving road links and supporting economic development. Speaking to reporters in Bhopal, Chouhan described the initiative as a major development boost for Vidisha and surrounding areas. “Nitin Gadkari is br..