New Delhi, Dec. 31 -- India's cement industry is heading into another year of steady expansion, riding on sustained demand from housing and infrastructure projects, even as capacity additions accelerate and cost pressures begin to resurface.
Rating agency ICRA has projected cement volumes to grow by 6-7 per cent in FY2027, following a strong 6.5-7.5 per cent expansion expected in FY2026.
The outlook reflects continued momentum in construction activity across the country. Cement demand has remained robust so far, with volumes rising sharply by 8.5 per cent during the first eight months of FY2026.
With construction activity typically picking up after the monsoon, ICRA expects demand to improve further in the second half of the fiscal year....