The cement industry, after witnessing a healthy demand growth of ~13% in 2018-19, exhibited slowdown with de-growth due to various factors like general economic slowdown, general elections in April-May'19, extended monsoons, low capex on infrastructure, financial stress in the NBFC and housing sectors and lastly the outbreak of Covid-19 which impacted construction activities leading to de-growth for FY20, first time in the last two decades. The nationwide lockdown amid the coronavirus outbreak will have a significant near-term impact on the cement industry. Once the...