Indian cement makers are increasingly opting for brownfield expansion over the greenfield route. Cement demand is anticipated to improve in the coming quarters led by a pickup in affordable and rural housing, and infrastructure-related projects. An easier and cheaper way to capture that demand for companies is via a brownfield expansion. Faster turnaround time, lower capital expenditure and better returns on capital employed are some advantages that are driving cement companies towards brownfield expansion. Almost 46% of new capacities planned over the next four years are though the brownfield route.

(Live Mint)