A report by the agency said cement demand growth expected to continue in Q4 FY 21
Financial closure and land acquisition in roads are major deterrents
NHAI has slowed down HAM bidding and is focussing on EPC bids.
Around 45 per cent HAM projects are yet to complete financial closure.
Resolving regulatory and land acquisition challenges can help meet targets.
India Ratings and Research (Ind-Ra) has maintained a stable outlook on the cement sector for FY2020.