India is the second-largest cement producer, accounting for around 8% of the global installed capacity. The cement industry largely contributes to construction, infrastructure, and the agricultural sector. It is pivotal to the economic growth of the country.
- By 2025, India will see a demand of roughly 550 to 600 million tonnes per annum. Demand is expected to rise due to positive policies by the government to boost infrastructure and the housing sector.
- As per ICRA, in FY22, the cement production in India is expected to increase by ~12% YoY. It is expected to reach 358 MT in 2022-23.
- Global players are vying for space in the Indian cement market. The industry is seeing a rising investment from FDI. It will help the industry grow to a greater extent.
Top Cement Manufacturers in India
- UltraTech Cement
UltraTech Cement is the largest producer of white cement and grey cement. It is also the largest manufacturer of ready-mix concrete in India. UltraTech is the only cement company globally (outside of China) to have 100+ MTPA of cement manufacturing capacity in a single country.
- Shree Cement Limited
Shree Cement has a consolidated manufacturing capacity of 44.4 million tonnes per annum. The company is slated to increase its production capacity to meet the growing domestic market.
- Ambuja Cement
Ambuja Cement is one of the biggest cement manufacturers and brands in India. It is also one of the biggest proponents of the green cement revolution, and its efforts for environmental protection in cement manufacturing are well recognized.
- ACC
ACC is India’s foremost concrete and cement maker. It is renowned for its product quality and huge sales and distribution network. Since its inception, the company has set a yardstick in cement in terms of quality and employee management.
- Dalmia Bharat
The list would be incomplete without a mention of Dalmia Bharat. The company is well known for its product quality, sustainability measures, and CRM initiatives.
Other than these are several other leading names like JK Cement, Ramco Cement Ltd, Heidelberg Cement India Limited, Star Cement.
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In India, cement supply and consumption have steadily increased over the years. As the industry grows further, the domestic output is set to increase, helping cement companies to grow further.
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