India is the second-largest producer and consumer of cement in the world after China, with 451mn tonnes per year (tpa) of cement production capacity as of March 31, 2018. India’s cement production is mostly dependent on residential and infrastructure construction, both of which are the subject of much investor interest. The industry is structured in unevenly distributed clusters, located close to raw material deposits of limestone and fly ash. Many cement manufacturers operate their own wind farms or thermal generation capacity units to insulate themselves from possible energy supply failure. Over the years, most thermal coal supply has shifted to the electricity generation sector, making cement manufacturers resort to petcoke. The latter, in turn, is known for its high carbon footprint and its use has, on multiple occasions, been subject to severe restriction by the authorities.

01 EXECUTIVE SUMMARY 

02 SECTOR OUTLOOK 

03 SECTOR IN FOCUS

04 COMPETITIVE LANDSCAPE

05 COMPANIES IN FOCUS 

06 REGULATORY ENVIRONMENT 

07 INPUT AND SUBSECTOR ANALYSIS