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News Indian cement industry to invest US$15bn in capital expenditure

Indian cement industry to invest US$15bn in capital expenditure

Written by Global Cement staff 23 August 2024
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India: India’s top cement producers are planning to invest approximately US$15bn from 2025 - 2027 in capital expenditure, according to a report by ratings agency CRISIL. During this period, the industry is expected to expand cement grinding capacity by 130Mt/yr, which represents a fifth of the current capacity. This move is prompted by robust demand and competitive market share goals, reports the Economic Times.

Senior director and deputy chief ratings officer at CRISIL Ratings, Manish Gupta, said "Cement demand outlook remains healthy with a compound annual growth rate of 7% over the financial years 2025-2029. The surge in capital expenditure over the next three financial years will primarily cater to this growing demand as well as to the aspirations of the cement makers to improve their national presence."

Last modified on 28 August 2024
Published in Global Cement News
Tagged under
  • India
  • Investment
  • capital expenditure
  • Expansion
  • Grinding
  • Capacity
  • GCW674
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