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CARE Ratings Research Report
The recent spike in Covid-19 cases and consequent restrictions imposed in almost all states across the country from April 2021 onwards is expected to impact the demand-supply dynamics in the cement industry in Q1-FY22.
Further, even the rural demand that had aided the growth in demand last year seems to be impacted by the second wave of Covid-19.
We expect the cement production to grow in the range of 4% to 7% in FY22.
With ease in restrictions from July onwards, demand is expected to pick up on a gradual basis as the situation evolves based on the containment of the virus and the progress in the vaccine inoculation drive.
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