Friday, 31 March 2017

Cement demand to grow 4-5% in next fiscal: ICRA

According to rating agency ICRA, an expected revival in the infra space may help the cement demand to grow to around 4 to 5 percent in the next fiscal. The agency said that FY2016-17 would be a flat year for the sector as demonetisation had a negative impact on real estate and construction activities and the situation is likely to normalize from the first quarter of FY 2017-18 onwards. ICRA is expecting an uptick in demand from road and irrigation projects and the housing segment next fiscal, which would support the cement prices going forward.

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