Cement Industry Update: CARE Ratings

A worker puts cement on a brick. (Photographer: Patrick Fallon/Bloomberg)

Cement Industry Update: CARE Ratings

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BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

CARE Ratings Report

In the first two months of FY22, the domestic production of cement registered a decline of 12% on a monthly basis in April 2021 followed by a de-growth of 17% month-on-month in May 2021.

This was primarily due to the spike in Covid-19 cases and the subsequent state-wise restrictions imposed from April 2021 onwards which affected the demand-supply dynamics for the commodity.

Further, a seasonally weak period due to onset of monsoon also somewhat contributed to this decline.

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CARE Ratings Cement Industry Update.pdf

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