Anand Kulkarni

Anand Kulkarni, Director at CRISIL Ratings, dives into the booming cement industry in India, fueled by rural housing demand and robust infrastructure projects. He discusses a significant capacity expansion of 160–170 million tons, with a notable 9.5% CAGR in recent years. Anand highlights the strong balance sheets of cement companies, ensuring they can finance this expansion without excessive debt. He also forecasts that rural housing will lead cement demand growth, outpacing urban needs in the near future.