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News ICRA forecasts cement volume growth and capacity expansion in India

ICRA forecasts cement volume growth and capacity expansion in India

Written by Global Cement staff 24 April 2025
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India: ICRA expects cement volumes to grow by 6-7% in the 2026 financial year, following a 6% rise in 2025, driven by housing and infrastructure demand. Capacity additions are forecast to increase to 43-45Mt/yr from 32-35Mt/yr in 2025. Eastern and northern regions will lead the expansion, with 22–24Mt/yr of new grinding capacity.

The assistant vice president of corporate ratings, Abhishek Lahoti, added “The southern region, despite an oversupply of capacity, is experiencing significant capacity additions by large cement companies as it is operating at optimal utilisation levels and intends to maintain its market share in the near term. Overall, the industry’s capacity utilisation is likely to remain stable at 70% in the 2026 financial year, similar to the previous financial year, on an expanded base.”

Last modified on 30 April 2025
Published in Global Cement News
Tagged under
  • India
  • ICRA
  • volumes
  • Capacity
  • Expansion
  • growth
  • demand
  • Asia
  • GCW707
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