India is the second largest producer of cement in the world. No wonder, Inida’s cement industry is a vital part of its economy, providing employment to more than a million people directly or indirectly. Ever since it was deregulated in 1982, the Indian cement industry has attracted huge investments, both from Indian as well as foreign investors India has a lot of potential for development in the infrastructure and construction sector and the cement sector is expected to largely benefit from it. Some of the recent major government initiatives such as development of 98 smart cities are expected to provide a major boost to the sector. Expecting such developments in the country and aided by suitable government foreign policies.
A significant factor which aids the growth of this sector is the ready availability of the raw materials for making cement, such as limestone and coal. Cement demand in India is expected to increase due to government’s push for large infrastructure projects, leading to 45 million tones of cement needed in the next three to four years. India’s cement demand is expected to reach 550-600 million tonnes per annum (MTPA) by 2025. The housing sector is the biggest demand driver of cement, accounting for about 67 per cent of the total consumption in India. The other major consumers of cement include infrastructure at 13 per cent, commercial construction at nine per cent.
ACPL has been issued In-Principle approval by the Karnataka Udyog Mitra, the single window industrial clearing agency of the Govt of Karnataka to set up a 2 MTPA Cement plant in Yadgir Dist, Karnataka, With an estimated project cost of Rs.960 crores with the plant area and mining concessions spread over 2370 acres and a 250 TPD vertically integrated mini sponge iron plant, with captive Iron ore mine in Bellary Dist of Karnataka.