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Cement Growth

Driving towards net zero: India's strategic push for sustainable trucking

India's net-zero carbon strategy has focused intensely on sectors such as automotive, power, steel, aviation, cement, and agriculture, which collectively contribute significantly to carbon emissions

Driving towards net zero: India's strategic push for sustainable trucking
Updated On : 30 Sep 2024 | 3:14 PM IST

GST impact: Cement growth in east India down from earlier projection

The earlier projection of 10 per cent cement sales growth this year in the eastern part of the country is likely to halve, as the region faces acute sand shortage, with a ban enforced by the Bihar government. Transition to the new Goods and Services Tax (GST) regime is also dampening sales, both at the wholesale and retail levels.Bihar has 23 per cent of the cement market in the east. Analysts say it was previously growing at a 18-20 per cent annual rate but sales have halted there for three months. This has adversely affected the overall eastern region. As on September 30, overall growth in the east stood at four per cent."The more important part is that Bihar is a key producer of sand in east India and the ban on sand mining has not only affected growth in that state but the entire region," said an analyst with Motilal Oswal.The National Green Tribunal's order of suspending sand mining activities during the monsoon season, which has been enforced to the fullest in the state, had ...

GST impact: Cement growth in east India down from earlier projection
Updated On : 22 Oct 2017 | 12:07 AM IST