Indian cement sector is sitting on upwards of Rs 60,000 crore of "sunk investment in surplus capacities", but expects big infrastructure projects like high speed rail corridors, bullet train and their cascading effect to spur demand, says industry body CMA.
According to the Cement Manufacturers Association (CMA), the industry has 100 mt (million tonnes) of excess capacity and so, it is in a comfortable position to supply additional demand of 3 5 mt every year coming from the big projects.
"Though the infrastructure projects are critical part of cement consumption and value chain but per se, the direct cement consumption in infrastructure projects is not so high.
It only contributes 20 per cent or so to the total demand for cement," CMA President Shailendra Chouksey told
(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.