Changes for page Dalmia Bharat Ltd

Last modified by Asif Farooqui on 2021/01/14 06:31

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  The cement production in India was pegged at 334 million tonnes for FY20, clocking a 1% decline over the previous fiscal. An increased government focus on real estate growth (Smart Cities and Housing for All) coupled with better roads and highways are expected to catalyse the demand for cement. Construction under PMAY-Urban and PMAY-Gramin are expected to generate 80-85 million tonnes of cement demand over the next 18-24 months.
--There was a hike in prices of cement in January 2020, following which the average prices in the northern, western and central region were pegged at H340-345 per bag, while in eastern India was pegged at H320-330 per bag.
++There was a hike in prices of cement in January 2020, following which the average prices in the northern, western and central region were pegged at Rs 340-345 per bag, while in eastern India was pegged at Rs 320-330 per bag.
  The year under review was marked by the spread of the COVID-19 virus, giving rise to a global pandemic, which, in turn, forced countries to close their borders and enforce a lockdown. India was no different and the impact of lockdown was evident in the last week of FY20. The lockdown severity impacted the cement industry in India, moderating cement production in FY20 and capacity utilisation from 70% in FY19 to 61% in FY20.