1. © 2009 Enpejay Research Information Services Pvt Ltd

2. © Enpejay Research Information Services Pvt Ltd CONTENTS  Global Overview1  Indian Cement Industry in Global Context2  Cement Clusters in India8  Trends in Cement Production9  Trends in Cement Exports11  Technology Trends12  Product Differentiation13  Regional and Market Concentration/Capacity14  Porters Five Forces Analysis18  SWOT19  Industry Challenges20  Cement Dispatches21  Dispatches by Region22  Demand Analysis33  Raw Material Cost and Issues43  Cement Price – Analysis45  Key Players46  Conclusion53  Project Profiles54

3. © Enpejay Research Information Services Pvt Ltd Global Cement Consumption (figures in million tonnes) Mt CAGR 9.9% CAGR 7.6% CAGR 3.4% CAGR 13.3% CAGR 7.0% CAGR 10% CAGR 5.5% CAGR 1.7% CAGR 5.3%  Cement is an essential component of infrastructure development world over. It is also the second largest consumable item on the planet after water. (0.3 tonnes per person)  Over the past decade, cement markets have grown exceptionally well, till 2007 when construction softened. For China alone, has grown at 10.5 % CAGR (from 500 mt in 1998 to 1390 mt in 2008). Though the growth rate is tapering off from 13.3% to 5.3 % in the last two years.  Rest of the world consumption rate has grown at an CAGR of 4% in the past decade. Again just 1.7% growth in 2008.  Now, China alone consumes close to 50 % of global cement production though the future growth may be restrained going by historical trend. Mt Source : Cemnet.com

4. © Enpejay Research Information Services Pvt Ltd Viability of location plays a major role, in the economics of cement manufacturing. Limestone reserves in 6 states paves way for cement industry clusters of Satna (MP), (leader in capacity as well as production), Chandrapur belt (North Andhra and Maharashtra), Gulbarga (Karnataka, East AP), Chanderia (South Rajasthan, Jawad and Neemuch in MP), Bilaspur (Chhattisgarh), Yerraguntla and Nalagonda in AP. Chanderia Gulbarga /Sedam Yerraguntla Nalagonda Satna Bilaspur Map Illustrative purpose only. Not to scale

5. © Enpejay Research Information Services Pvt Ltd  Indian cement industry came of age after liberalization, after which its production and capacity increased manifold.  Growth can be seen from 91 plants and 43 mtpa of cement production in 1990 had become 136 plants and 214 mtpa in April 2009.  Its capacity utilization has also increased during the same period from 78% to 91%  Remarkable capacity addition was due to producers expectations of growing market. Trends in Indian Cement Production