UltraTech Projects 7-8% Cement Demand Growth in FY25
UltraTech Cement has forecasted a 7-8% increase in cement demand for the current financial year, driven by a surge in construction activities across India. The projection, detailed in the company’s latest annual report, highlights the robust growth expected in the cement sector.
To accommodate this rising demand, the cement industry is anticipated to expand its capacity by 35-40 million tonnes in the upcoming fiscal year. Notably, 60-65% of this new capacity will be concentrated in the eastern and southern regions of India, reflecting the areas of highest construction activity and infrastructure development.
Additionally, the increased demand is expected to boost the industry’s capacity utilization to 72% in FY25, up from approximately 68% in FY23. This improvement in capacity utilization indicates a stronger alignment between supply and demand in the cement sector.
UltraTech Cement, part of the Aditya Birla Group, remains optimistic about the industry’s growth prospects, underscoring the vital role of construction and infrastructure development in driving cement consumption in India.