Cement production to rise by over 10% this fiscal

Cement production to rise by over 10% this fiscal
PTI
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First Published: Fri, Oct 23 2009. 06 40 PM IST
Updated: Fri, Oct 23 2009. 06 40 PM IST
New Delhi: Cement production of India, the world’s second largest producer, is estimated to rise by over 10% to 200 million tonnes in 2009-10 fiscal year, according to industry’s projection.
In the last fiscal cement production rose 7.9% to 181.61 million tonnes, according to the data provided by Cement Manufacturers’ Association.
The industry is expecting higher growth in production and sales this fiscal on the back of the thrust given by the government to infrastructure development.
In the first half of the fiscal, cement output grew 12% to 96.73 million tonnes from 86.36 million tonnes in the year-ago period while consumption rose by 11.68% to 94.77 million tonnes from 84.86 million tonnes in the review period.
During April-September period of the current fiscal, the industry’s installed production capacity grew by 11.65 million tonnes, of which 7 million tonnes was from setting up new plants while 4.65 million tonnes through expansion.
The installed capacity at the start of this fiscal was 219.17 million tonnes and it has reached 230.82 million tonnes by September 2009.
Industry has added about 60 million tonnes of capacity in the 11th five-year plan period till August 2009. To meet the growing demand of cement, industry has plans to further ramp up the installed capacity and reach the target of 298 million tonnes by 2011-12.
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First Published: Fri, Oct 23 2009. 06 40 PM IST