India's cement manufacturers plan to invest ₹1.25 lakh crore in capex from FY25-27, adding 130 million tonnes of cement grinding capacity.

India's cement manufacturers plan to invest ₹1.25 lakh crore ($16.4 billion) in capex from FY25-27, driven by strong demand and market share ambitions. The investment is 1.8 times more than the past three fiscal years and will add 130 million tonnes of cement grinding capacity. CRISIL expects cement demand to grow at a 7% CAGR from FY25-29 and the credit risk profiles of manufacturers to remain stable due to low capex intensity and solid balance sheets. Over 80% of the projected capex is expected to be funded through operating cash flows, minimizing the need for additional debt.

August 22, 2024
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