10 Best Cement Stocks By Highest Market Capitalization

India is the world's second-largest cement producer. It is responsible for more than 7% of the world's installed capacity. The cement industry is projected to benefit tremendously from India's infrastructure and building sectors, which have plenty of room for expansion. Some recent initiatives, such as the creation of 98 smart cities, are projected to provide the sector a significant boost.
Cement production hit 329 million tonnes (MT) in FY20, with 381 MT expected by FY22. However, consumption was 327 MT in FY20 and is expected to rise to 379 MT by FY22. By 2020, cement manufacturing capacity is expected to reach 550 MT. Because India has abundant and high-quality limestone reserves throughout the country, the cement sector has enormous expansion potential.

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