Government capex rises 19% boosting cement demand outlook
pre-market1 source ↓written by the desknot a recommendation
- year-on-year in April
- 19%
- reaching
- ₹2.24 lakh crore
Capital expenditure by the Central government surged 19% year-on-year in April and May FY27, reaching nearly ₹2.24 lakh crore. This increase is expected to bolster cement demand as infrastructure projects gain momentum. Enhanced public spending on roads, railways, and housing will likely support cement pricing in the upcoming quarters. 📈
• Infrastructure focus: Government's emphasis on growth through infrastructure.
• Cement consumption: Anticipated rise due to continuous investments.
• Market implications: Positive sentiment for cement sector stocks.
Not investment advice. For informational purposes only.