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News Indian cement sector to grow to 715 - 725Mt/yr in 2027

Indian cement sector to grow to 715 - 725Mt/yr in 2027

Written by Global Cement staff 20 March 2023
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India: Credit rating agency Crisil expects the Indian cement sector's capacity to expand at a compound annual growth rate (CAGR) of 4 - 5% over the four-year period up to the end of the 2027 financial year on 31 March 2027. It would thus begin the 2028 financial year at 715 - 725Mt/yr in installed capacity, compared to 570Mt/yr at the end of the 2023 financial year. The industry's total investment in the expansion is expected to be US$14.5bn. Major multi-state producers are expected to contribute over US$7.25bn (50%) of investments towards the total sum.

Over the same period, Crisil expects all-India cement demand to rise at a CAGR of 6 - 7%.

Last modified on 21 March 2023
Published in Global Cement News
Tagged under
  • India
  • Forecast
  • growth
  • Outlook
  • Investment
  • Capacity
  • market
  • demand
  • GCW600

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