The table below shows that a cement surplus is set to surge in the country. Fresh capacity additions, with some commissioning delays, have been accounted for.
Also See | Chart Of The Day (PDF)
Citi estimates oversupply between fiscal 2011 and fiscal 2013 and utilization rates of 75-80%, which in the past, it says, have kept cement prices depressed.
PDF by Sandeep Bhatnagar/Mint