How the budget impacts the various sectors

Cement Sector

Analyst: Pritesh Vinay

Key recommendation: Change in excise duty structure for grey cement from specific to uniform ad-valorem tax

Impact: neutral - will be passed to final consumer


Key recommendation: Basic customs duty on gypsum and pet coke reduced from 5% to 2.5%

Impact: Positive


Key recommendation: Higher budget allocation of Rs2,140 bn for infrastructure + 23% yoy

Impact: Positive - could potentially boost cement demand


Text: Goldman Sachs

Images: Reuters