What is a present condition of cemnent company in india
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Cement demand in India is expected to grow by 7 per cent this year but intense competition and "not enough" consumption will lead to excess capacity, cement maker ACC said in its annual report.
The demand will grow in 2018, helped by the Centre's push on big infrastructure projects and continued focus on rural development and affordable housing schemes.
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"Consequently, the demand for cement in 2018 is expected to increase from 6 per cent to 7 per cent," ACC said in its annual report for 2017. The cement industry had a growth of 6 per cent in 2017 as against 5.1 per cent in the previous year, it added.
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