Recently, LafargeHolcim India said that with the booming development of infrastructure and housing industry, it is expected that India's cement demand will grow by 15-17% year-on-year in 2021.
It is understood that the Indian government plans to invest 777 billion US dollars in infrastructure construction in the country by 2022. India's urban population is expected to increase from 463 million in 2020 to 525 million by 2025, and the increased demand for housing and related infrastructure may further stimulate cement demand.
LafargeHolcim is one of the world's largest cement producers. The company expects India's cement demand to increase from 295-300 million tons last year to 345-350 million tons in 2021. In the first half of
2020, the outbreak of COVID-19 led to a slowdown in cement production in India, while in the second half of the year, cement producers' sales and profits increased significantly, coupled with government support policies and producers' increased production capacity, which is expected to drive local consumption of thermal coal and petroleum coke.
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