Cementing trouble: UltraTech’s growth hit by cyclones, monsoons, & pollution laws
UltraTech Cement noted in its Q3 exchange filing on Thursday the growing impact of climate change on its operations, with severe weather events and environmental policies influencing its performance across key segments such as infrastructure and housing.
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The infrastructure segment registered 'degrowth', primarily due to pollution control measures in Delhi and surrounding regions, said one of the country's largest cement manufacturers. These measures, aimed at curbing the city’s notorious air pollution, slowed construction activities in the last quarter. Stringent regulations aimed at reducing emissions forced delays in various infrastructure projects, affecting demand for cement in these areas.
In the capital's surrounding regions, meanwhile, infrastructure growth slowed owing to other reasons such as the farmers' protests, completion of projects such as the RRTS, strike by aggregate manufacturer, and non-availability of labour due to festivities.
On the other hand, the housing segment performed much better, registering strong growth in most regions across India, except for Odisha. The momentum was partially offset in the eastern state by the impact of Cyclone Dana which caused significant damage and disruption in the region, noted UltraTech Cement. The cyclone’s effects
