Cement: capacity utilization may have bottomed out, but revival elusive
From peak levels of 86-89% in fiscal years 2007 to 2009 , all-India cement capacity utilization plunged to a multi-year low of around 65% in FY17, say industry analysts
While a reduced pace of capacity addition may provide some cushion, robust demand growth is the need of the hour to better absorb incremental capacities. Photo: Bloomberg(Bloomberg)