India’s cement industry is gearing up for infrastructure and housing demand, and some companies are improving earnings through cost efficiencies. But investors are watching a tougher reality: supply capacity is growing faster than demand, keeping pricing under pressure. The result is a persistent mismatch risk, leaving cement stocks lagging despite the construction boom.
UltraTech Cement has crossed 200 million tonnes of production capacity in India, reinforcing its dominance in the local market. The milestone also cements its position as the world’s largest cement producer outside China. With expansion underway, the company is targeting 240 million tonnes by FY28, signaling aggressive growth despite a competitive sector.
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