Cement Demand to Rise by 8%
Cement

Cement Demand to Rise by 8%

Ultratech Cement forecasts a 7-8% increase in cement demand due to a surge in construction activities. This growth is driven by expanding infrastructure projects and residential developments across India.

The anticipated rise in demand is attributed to several factors, including increased government spending on infrastructure, the expansion of urban areas, and ongoing residential construction projects. These activities are expected to bolster the cement sector, leading to higher consumption and production levels.

Ultratech, one of the leading players in the cement industry, anticipates that this demand surge will positively impact the company's production and revenue. The increased cement consumption is expected to support growth in both urban and rural construction, addressing the needs of a growing population and expanding infrastructure.

The company also notes that favorable economic conditions and government initiatives aimed at boosting construction will contribute to the demand growth. The rise in construction activities aligns with broader trends in infrastructure development and urbanization, further driving the cement industry's expansion.

Overall, Ultratech's outlook reflects optimism about the cement sector's growth prospects, fueled by ongoing and planned construction activities across various regions.

The 14th RAHSTA Expo, part of the India Construction Festival, will be held on October 9 and 10, 2024, at the Jio Convention Centre in Mumbai. For more details, visit: https://rahstaexpo.com

Ultratech Cement forecasts a 7-8% increase in cement demand due to a surge in construction activities. This growth is driven by expanding infrastructure projects and residential developments across India. The anticipated rise in demand is attributed to several factors, including increased government spending on infrastructure, the expansion of urban areas, and ongoing residential construction projects. These activities are expected to bolster the cement sector, leading to higher consumption and production levels. Ultratech, one of the leading players in the cement industry, anticipates that this demand surge will positively impact the company's production and revenue. The increased cement consumption is expected to support growth in both urban and rural construction, addressing the needs of a growing population and expanding infrastructure. The company also notes that favorable economic conditions and government initiatives aimed at boosting construction will contribute to the demand growth. The rise in construction activities aligns with broader trends in infrastructure development and urbanization, further driving the cement industry's expansion. Overall, Ultratech's outlook reflects optimism about the cement sector's growth prospects, fueled by ongoing and planned construction activities across various regions.

Next Story
Infrastructure Urban

India, US to promote sustainable aviation fuel and hydrogen in buses

India and the United States have agreed to promote sustainable aviation fuel (SAF), electrification of medium and heavy-duty vehicles, and the use of hydrogen in buses, tractors, and heavy equipment. This decision came during the Strategic Clean Energy Partnership (SCEP) dialogue between US Energy Secretary Jennifer Granholm and Indian Minister of Petroleum and Natural Gas Hardeep Singh Puri in Washington, DC. Both nations also encouraged increased investments in each other's clean energy markets. The joint statement emphasised the importance of a "just, orderly, and sustainable energy trans..

Next Story
Infrastructure Transport

Tuticorin Airport upgradation set for December completion

Tuticorin Airport in Tamil Nadu is undergoing a significant upgrade, with an expected completion date in December 2024. The project, valued at Rs 3.81billion, is being carried out by the Airports Authority of India (AAI) and involves the extension of the runway to accommodate A-321 type aircraft, construction of a new apron, a new terminal building, a technical block with a control tower, and a new fire station. The new terminal building, covering 17,500 square meters, will significantly enhance the airport's capacity, enabling it to serve 1,440 passengers during peak hours and handle up to 2 ..

Next Story
Infrastructure Transport

Airfare hike not tied to increased airport charges; ACI

The Airports Council International (ACI) stated that rising airfares are not linked to increased airport charges. Airport charges are crucial for infrastructure development within the commercial aviation ecosystem, but they remain a minimal part of the overall airfare. Stefano Baronci, Director General of ACI Asia Pacific & Middle East, emphasized that airports are infrastructure-intensive businesses, with costs dominated by maintaining essential infrastructure such as runways, taxiways, aprons, and terminal buildings. He noted that neglecting the capital expenditure needed to support future g..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000