Growth of Cement Volumes Reflect Revival of Demand in India

The Indian cement industry has witnessed a growth in volume by 12 to 18% during the first quarter of this year, as compared to a fall in volume by 4.7% during the same quarter of the previous fiscal. This is the first time in six quarters that the growth has been in double-digit reflecting a revival of demand due to a pick-up of the construction sector. The other reason is that input costs have reduced. The cost of production of one tonne of cement declined by 8.6% to Rs 3,517 year-on-year due to lower prices of inputs like pet coke and coal, the key raw materials.

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