MAKING IT GREEN

The cement industry has come a long way today. Novel technologies coupled with sustainable construction is showing the way

- Molly R

One of the most volatile commodities, the cement industry is always in the news – for good or bad reasons. It is also one of the commodities that is highly in demand, especially considering that the government’s focus is on building infrastructure and the real estate industry will continue with developments.

Cement production reached 329 million tonnes (MT) in FY20 and is projected to reach 381 MT by FY22. However, the consumption stood at 327 MT in FY20 and will reach 379 MT by FY22. The cement production capacity is estimated to touch 550 MT by 2020. As India has a high quantity and quality of limestone deposits through-out the country, the cement industry promises huge potential for growth.

Post covid induced slowdown, demand for cement is expected to improve as demand for affordable housing, mega real estate and infrastructure projects is gaining momentum. This coupled with India’s Atmanirbhar goals will undoubtedly provide an impetus to cement consumption in the country.

Sunil Mahajan, group manufacturing head, Dalmia Cement (Bharat), says, “We expect a 4-6% growth for the full year despite a negative first quarter. While the lifting started improving from Q2, with October witnessing a formidable growth, the month of November was impacted due to festive celebrations. However, since December, there has been a pickup in demand for cement across the country.”