India’s cement industry outlook in FY22 is bright: Kumar Birla
Cement

India’s cement industry outlook in FY22 is bright: Kumar Birla

Chairman of UltraTech Cement, Kumar Mangalam Birla, told the media that the Indian cement industry is on the growth path, led by various government's initiatives. The cement industry is likely to have bright prospects in this financial year (FY).

According to an annual report of the Aditya Birla Group, the government's infrastructure projects and affordable housing like the Pradhan Mantri Awas Yojana (PMAY) with enhanced budgetary allocations will be the primary sources of growth for the cement industry.

The cement industry is looking forward to a brighter future in FY22, he said.

Birla said that the cement industry faced a decline of about 10-12% because of the Covid-19 pandemic in FY21 but began to improve in the second half of FY21.

The cement volume demand is also getting influenced by the resumption of the construction work of institutional infrastructure projects like metro rail and road, Birla said.

As per the Cement Manufacturing Association (CMA), the overall installed cement capacity in India is about 545 million tonnes (mt) per year. It accounts for about 7% of the global installed cement capacity.

According to CMA, the Indian Cement industry is the second-largest cement industry in the world.

The board has approved a CAPEX of Rs 5,477 crore for increasing the capacity by 12.8 million tonnes per annum (MTPA) together with brownfield and greenfield expansions, Birla said. Productions from these capacities are expected to go on a stream in a phased manner in FY 2022-23.

UltraTech has a consolidated capacity of 116.8 MTPA of grey cement, and its net revenue was up by 5.41% to Rs 44,726 crore.

Aditya Birla Group has 27 grinding facilities, 22 integrated manufacturing facilities, and seven bulk packaging terminals.

Image Source


Also read: Concessions on bulk cement transportation to boost cement traffic

Chairman of UltraTech Cement, Kumar Mangalam Birla, told the media that the Indian cement industry is on the growth path, led by various government's initiatives. The cement industry is likely to have bright prospects in this financial year (FY). According to an annual report of the Aditya Birla Group, the government's infrastructure projects and affordable housing like the Pradhan Mantri Awas Yojana (PMAY) with enhanced budgetary allocations will be the primary sources of growth for the cement industry. The cement industry is looking forward to a brighter future in FY22, he said. Birla said that the cement industry faced a decline of about 10-12% because of the Covid-19 pandemic in FY21 but began to improve in the second half of FY21. The cement volume demand is also getting influenced by the resumption of the construction work of institutional infrastructure projects like metro rail and road, Birla said. As per the Cement Manufacturing Association (CMA), the overall installed cement capacity in India is about 545 million tonnes (mt) per year. It accounts for about 7% of the global installed cement capacity. According to CMA, the Indian Cement industry is the second-largest cement industry in the world. The board has approved a CAPEX of Rs 5,477 crore for increasing the capacity by 12.8 million tonnes per annum (MTPA) together with brownfield and greenfield expansions, Birla said. Productions from these capacities are expected to go on a stream in a phased manner in FY 2022-23. UltraTech has a consolidated capacity of 116.8 MTPA of grey cement, and its net revenue was up by 5.41% to Rs 44,726 crore. Aditya Birla Group has 27 grinding facilities, 22 integrated manufacturing facilities, and seven bulk packaging terminals. Image Source Also read: Concessions on bulk cement transportation to boost cement traffic

Next Story
Technology

L&T Tech Services Wins $50 Mn+ Deal from Global Energy Major

L&T Technology Services, a global leader in engineering and technology services, announced that its Sustainability segment has been selected by one of the world's leading energy companies as its exclusive global engineering partner for Enterprise Data and Digital Services.The five-year agreement, valued at over $50 million, underscores the client’s long-term commitment to sustainability, innovation and digital transformation. This strategic partnership builds on a trusted relationship between the Client and LTTS spanning over a decade.As per the agreement, LTTS will provide Enterprise Da..

Next Story
Infrastructure Energy

ACME Solar Signs PPA with SECI for 300 MW Sikar Project in Rajasthan

ACME Sikar Solar, a wholly owned subsidiary of ACME Solar Holdings, has executed a 25-year Power Purchase Agreement (PPA) with the Solar Energy Corporation of India (SECI) for 300 MW capacity in Rajasthan at a fixed tariff of Rs 3.05 per kWh. This achievement follows the commissioning of 300 MW capacity by ACME Sikar on June 23, 2025.The said bid was won earlier under SECI ISTS XVIII Tranche, and the tariff was formally adopted by the Central Electricity Regulatory Commission (CERC) on 30th May 2025. As per the agreement, the project requires to supply power on or before June 30, 2025. The pro..

Next Story
Infrastructure Urban

UGRO Capital Appoints Anuj Pandey as Chief Executive Officer

UGRO Capital, a leading DataTech NBFC focused on MSME lending, today announced the elevation of Anuj Pandey, as the Chief Executive Officer (CEO) of the Company. Anuj is one of the founding team members of UGRO and currently its Chief Risk Officer. The appointment reflects UGRO’s commitment to strengthening institutional leadership as it scales its MSME lending franchise. Anuj has been an integral part of UGRO since inception, having built the Company’s risk governance framework and credit architecture. He brings around twenty-five years of diverse experience across companies like GSK cons..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?