What is the growth of cement industry in India?

India’s cement production capacity is expected to reach 550 MT by 2025. Due to the increasing demand in various sectors such as housing, commercial construction and industrial construction, cement industry is expected to reach 550-600 million tonnes per annum (MTPA) by the year 2025.

What are the problem of cement industry in India?

The Indian cement market faces challenges stemming from the supply and demand sides. However, the upside is that there has been a growing demand in construction and the housing market due to rapid urbanization which is expected to continue a boost in sales.

What is going on with cement?

Analysts expect cement prices to be hiked in third quarter According to industry estimates, the all-India average cement prices increased by 7-8\% month-on-month and year-on-year to Rs 384-386 per 50 kg in October 2021. Prices increased across regions helped by higher construction activities.

What are the problems faced by cement industry?

Shortage of domestic coal & increasing cost of imported coal is also adding to the overall increase in production cost. On the other hand cost of electricity in India is higher compared to any of the peer countries & captive power plant is not feasible for smaller companies.

Is cement industry a basic industry?

Cement is indispensable for building and construction work. So, the cement industry is considered to be an important core infrastructure core industry. The per capita consumption of cement is taken as one of the important indicators of the well-being of the people.

Why is the cement industry important for India?

It plays a binding and pivotal role in both the infrastructure and socio-economic development of the Country; moreover, the Indian Cement Industry is the fourth-largest revenue contributor to the exchequer and the second- largest revenue contributor to the Indian Railways — it contributes nearly US$ 7.14 billion (INR …

How many cement industry are there in India?

A total of 210 large cement plants account for a combined installed capacity of 410 MT in the country, whereas, 350 mini cement plants make up for the rest. Of the total 210 large cement plants in India, 77 are in the states of Andhra Pradesh, Rajasthan, and Tamil Nadu.

Why is cement shortage?

The latest update from Builders Merchants Federation CEO John Newcomb and CPA boss Peter Caplehorn, who are also the co-chairs of the Construction Leadership Council’s Product Availability working group, said shortages across a range of products seen in the first half of the year were continuing, due to ongoing excess …

What is cement manufacturing process?

Cement manufacturing is a complex process that begins with mining and then grinding raw materials that include limestone and clay, to a fine powder, called raw meal, which is then heated to a sintering temperature as high as 1450 °C in a cement kiln. …

What is the importance of cement industry?

Cement industry is the second most important primary and basic industry for the economic development of India, second only after iron and steel industry the cement industry is basic industry and makes an important contribution to the development of the other factory industry, to the construction and even to the …

Why is cement industry known as basic industry?