And the Indian Cement Industry Outlook Series
Cement Demand
The Indian cement industry as a whole has witnessed a nation-wide decline in demand by about 50-60% during April - May 2020. Most cement plants were shutdown during the period of March - April 2020.
Most Cement plants resumed production in a phased manner from mid-April 2020.
The Indian Cement Industry are unanimous in their take that the profitability would be impacted in view of lower demand and sales volume but the exact impact upon the profitability due to Covid-19 would be difficult to ascertain as of now.
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