Cement: Well Geared Up To Ride On Uptick In Capex Cycle, Says ICICI Direct 
Gravel and sand are loaded onto a conveyor belt at the concrete plant. (Photographer Jack Atley/Bloomberg)

Cement: Well Geared Up To Ride On Uptick In Capex Cycle, Says ICICI Direct 

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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.

ICICI Direct Report

Against the backdrop of weak sentiments due to the pandemic, the operating performance of the cement sector in H1 FY21 improved sharply led by strong demand from rural segment, improved pricing environment along with benign costs.

The improved business environment led by lower interest rates and improved liquidity has also led to re-instatement of capex plans by major companies that were halted earlier post imposition of lockdown in April 2020.

All-India asset utilisation also crossed 80% mark in October-November 2020 versus 69% in Q2 FY21 with plant utilisation in the eastern and central region remaining even higher led by strong demand.

Click on the attachment to read the full report:

ICICI Direct Cement Sector Update.pdf

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