India: JK Cement’s Chief Financial Officer AK Saraogi has forecast that cement demand will rise by 8% in the 2017 – 2018 financial year due to government spending on infrastructure. JK Cement Special Executive Madhavkrishna Singhania said that demand in the current financial year is likely to be aided by ‘good’ monsoons that will boost spending particular in rural areas, according to the Press Trust of India. The forecasts follow several years of poor demand for cement in the country. Ratings agency ICRA also predicts similar increases in demand.
Cement demand to grow by 8% in 2017 – 2018 financial year says JK Cement
Written by Global Cement staff
Register for the Global Cement Weekly email newsletter
Global Cement Weekly is Global Cement’s weekly email newsletter. Keep up to date with cement industry news, analysis, diary dates and news of people in the sector.
URL: https://www.globalcement.com/news/item/5393-cement-demand-to-grow-by-8-in-2017-2018-financial-year-says-jk-cement
© 2024 Pro Global Media Ltd. All rights reserved.