Emami’s foray into the cement space, Nirma’s entry into the segment after the buyout of Lafarge India’s 11-million tonne (MT) cement business, and Shree Cement’s proposed investments have laid the ground for cement players eyeing more revenues from east India, reports Mint.
HM Bangur, Managing Director of Shree Cement has been quoted as saying that while the cement industry nationally will grow by 5 per cent this year, the growth in east India will be 10 per cent, which will make this region a key priority for the cement players.
Of the cement national production of 300 MT per annum, the contribution of eastern region with 55 MT capacity is 17-18 per cent. The national capacity at the moment is 370 MT per annum. With demand expected to scale up to 600 MT over the next 10 years, the capacity would need to be at least 700 MT, Bangur added.