Indian

Cement
Industry
April - 08
 Indian Cement Industry

Index of Contents
Section A
Topic No. Topics Topic No. Topics
Executive Summary 6 Cement Prices
1 Introduction 7 Cost Analysis
1.1 Overview 7.1 Power & Fuel Cost
1.2 Industry Snapshot 7.2 Freight and Forwarding Cost
2 Demand – Supply Analysis 7.3 Raw Material Cost
2.1 Demand Supply scenario – Overall 8 Market Competition & Consolidation
2.2 Demand Supply Scenario – Regionwise 8.1 Market share of major players
2.3 Detailed Regional Analysis 8.2 Industry Aggregates
2.4 Overall & Regionwise capacity 9 Outlook
utilisation Rate
9.1 Projected Demand-Supply scenario
3 Demand Drivers
9.2 Projected Demand-Supply situation -
3.1 Real Estate
Regionwise
3.2 Infrastructure
9.3 Industry concerns
3.3 Industrial Expansion Projects
10 SWOT Analysis
3.4 Demand Drivers - Regionwise
11 Company Profiles
4 Supply Dynamics
11.1 Associated Cement Company Ltd. (ACC)
4.1 Supply statistics
11.2 Ambuja Cements Ltd.
4.2 Blending dominates
11.3 Grasim Industries Ltd.
4.3 Projected Planned Capacity additions -
Regionwise 11.4 UltraTech Cement Ltd.
5 Cement Import 11.5 The India Cements Ltd.

Figures
Figure No. Particulars Figure No. Particulars
A-1 Per capita consumption A-25 Central - Statewise scenario
A-2 Major cement producing states A-26 Central - Position of top players in the region
A-3 Major cement consuming states A-27 Capacity utilisation Rate
A-4 Capacity Utilization A-28 Sectorwise Cement Demand
A-5 Trend of capacity addition A-29 Growing middle class
A-6 Regional statistics A-30 Construction component for different sectors
A-7 Regional scenario A-31 Infrastructure outlay - 11th five year plan
A-8 North - Overall scenario A-32 Bifurcation of investments planned in
A-9 North - Statewise scenario industrial sector
A-10 North - Position of top players in the region A-33 Product mix
A-11 Price trend in Delhi A-34 Regional product mix FY 07
A-12 South - Overall scenario A-35 Overall & regionwise product mix - FY 08
A-13 South - Statewise scenario A-36 Average yearly retail cement price per bag
A-14 South - Position of top players in the region A-37 Cost per unit - Industry Average
A-15 Price trend in Chennai A-38 Coal consumption & imports
A-16 West - Overall scenario A-39 Change in industrywide dispatch mix
A-17 West - Statewise scenario A-40 Trend of Cement dispatch mix
A-18 West - Position of top players in the region A-41 Regionwise distribution of proven reserves of
A-19 Price trend in Mumbai limestone in the country
A-20 East - Overall scenario A-42 Market share of major players FY 07
A-21 East - Statewise scenario A-43 Regional Scenario - Market share of top
five players
A-22 East - Position of top players in the region
A-44 Industry Average
A-23 Price trend in Kolkata
A-45 Growth rate: GDP and Cement Domestic
A-24 Central - Overall scenario Consumption

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 Indian Cement Industry

Section A
Tables
Tables No. Particulars Tables No. Particulars
A-1 Industry structure as on 31.03.2007 A-13 Projected capacity additions
A-2 Status of top 10 players’ (capacity wise) A-14 Import Cost structure
A-3 Cement demand statistics A-15 Cement statistics CY 06 - Countrywise
A-4 Companywise exports in FY 07 A-16 Cost comparison of grid and captive power
A-5 North - Inter-regional Cement Movement A-17 Captive Power Plants announced —
Regionwise
A-6 South - Inter-regional Cement Movement
A-18 Alternate fuel consumption
A-7 West - Inter-regional Cement Movement
A-19 Dispatch mode for cement companies (FY 07)
A-8 East - Inter-regional Cement Movement
A-20 Industry aggregates
A-9 Central - Inter-regional Cement Movement
A-21 Projected Capacity assuming delays
A-10 Inter-regional cement movement in FY 07
A-22 Projected Demand-Supply situation
A-11 Demand Drivers - Regionwise
A-23 Projected Demand-Supply situation -
A-12 Regionwise capacity additions Regionwise

Section B
Topic No. Topics Topic No. Topics
1 Cement Industry Basics 3 Key Statistics – Operational
1.1 Types of Cement 4 Capacity Expansion Projects by
1.2 Cement Manufacturing Process Major Companies
1.3 Industry Characteristics 5 Raw material costs & consumption
2 Key Statistics – Financial 6 Industry Developments

Figures
Figure No. Particulars

B-1 Types of Cements

B-2 Cement Manufacturing Process

Tables
Table No. Particulars Table No. Particulars
B-1 Contrywise Per Capita Consumption B-18 Companywise Product Mix
B-2 Duty Structure B-19 Overall Product Mix
B-3 Net Sales B-20 Cement Dispatch Mode
B-4 Operating Profit B-21 Companywise Dispatch Mix
B-5 Net Profit B-22 Average Cement prices
B-6 Operating Profit Margin B-23 Duty Structure
B-7 APAT Margin B-24 Companywise Dispatch
B-8 Interest Coverage Ratio B-25 Capacity Expansion Projects by major
B-9 Regionwise/Statewise capacity & production companies
B-10 Regionwise/Statewise cement consumption B-26 Limestone Cost
B-11 Statewise Surplus/Deficit scenario B-27 Gypsum Cost
B-12 Companywise Capacity B-28 Fly Ash Cost
B-13 Companywise Production B-29 Limestone consumption
B-14 Companywise Dispatch B-30 Coal consumption
B-15 (i) Total Export scenario (Cement) B-31 Power consumption
B-15 (ii) Total Export scenario (Clinker) B-32 Power consumption pattern
B-16 Companywise Exports B-33 Cost per tonne of cement produced
B-17 Regionwise Product Mix B-34 Industry Developments post H1 FY 07

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 Indian Cement Industry

The report elucidates facts on the Indian Cement industry, supplemented by the latest Statistics. Emphasis
is laid on the following topics to accomplish the report:

• Performance of the Cement industry over past seven years with evaluation of trends of capacity
addition, production and capacity utilisation.

• Evaluation of Overall demand supply scenario in the country covering trend of domestic consumption
and exports.

• Regional dynamics of industry depicted by detailed analysis of demand supply situation in the five
distinct regions in India.

• Influence of various cement demand driving sectors like real estate, infrastructure and industrial
projects covering regionwise demand drivers.

• Changing scenario of product mix - override of blended cements on OPC.

• Cost analysis with emphasis on power & fuel cost, RM cost, Freight cost and evaluation of average
cost of production, average realizations and margins of the industry.

• CARE's perspective on regionwise future capacity addition, demand estimation and identification of
deficit/surplus regions in the country.

• Operating & financial performance of top players in the industry alongwith future outlook.

• Brief on peculiar characteristics of industry, types & applications of cement variants and cement
manufacturing process.

• Comprehensive database of companywise financial & operational statistics and regionwise key
operational statistics.

For an in-depth analysis and CARE's view on the future of this sector, please refer to the exhaustive Report
on Indian Cement Industry by CARE Research.

Price : Domestic Customers: Rs. 20,000 per copy

Overseas Customers: USD 1,000 per copy

To subscribe to this report please click on the purchase link or write to us at

careresearch@careratings.com

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 Indian Cement Industry

Contact:

Ms. Revati Kasture revati.kasture@careratings.com

Head – Industry Research
(D): +91-22-6754 3465

Mr. Chaitanya Raut chaitanya.raut@careratings.com

Dy. Manager
(D): +91-22-6754 3410

Mr. Divyesh Shah divyesh.shah@careratings.com

Dy. Manager
(D): +91-22-6754 3441

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DISCLAIMER

This report is prepared by CARE Research, a division of Credit Analysis & REsearch Limited [CARE].
CARE Research has taken utmost care to ensure accuracy and objectivity while developing this report
based on information available in public domain. However, neither the accuracy nor completeness of
information contained in this report is guaranteed. CARE Research operates independently of ratings
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