It took 36 years for India’s largest cement company to take its capacity to 100 million tons.To build the next 50 million tons capacity it took just 5 years. This probably sums up many things as far as the cement industry is concerned and to some extent the Indian economy. Whether it was a change in the demand matrix, which made this company push its capacity so high in a short span of time. Also it is an indication of a trend of lower cost of capital which is the biggest enabler for economic growth. On the other side the sector keeps getting hit with seasonal headwinds, like rise in oil price or floods which led to lower demand in some regions some times. But this time, for a change, even the headwinds are turning to be short lived. The biggest change being the fact that the industry has seen an uptick in prices even when new capacities have come up.