➣ The Indian cement sector will add 150-160 MTPA capacity in the five years starting this fiscal

➣ Between 2012 and 2023, the installed cement production capacity grew by 61% to 570 MT from 353 MT

➣ Cement consumption in India grew at a considerable CAGR of 5.7% from 2016 to 2022

➣ As much as 70-75 MT of the capacity addition is expected to be commissioned next fiscal, with 50-55% concentrated in the eastern and central regions

➣ Large players will account for 50-55% of the planned capacity addition

➣ This fiscal, demand is projected to grow 10-12%, driven by government push to affordable housing and pre-election spending on infrastructure

➣ Incremental supply and heightened competition will limit price growth to 0-1%, maintaining prices at Rs 390-395 per 50 kg bag, and keep utilisation at 70-75%

➣ The Indian cement sector’s capacity is expected to expand at a compound annual growth rate (CAGR) of 4-5% over the five-year period up to the end of 2028

➣ The expected cement production capacity in 2028 will be nearly 720 MT

➣ Cement consumption is expected to reach 550 MT (conservative estimates claim 530/540 MT) by the end of 2028