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Description: In the most general sense of the word, cement is a binder, a substance which sets and hardens independently, and can bind other materials together. The name "cement" goes back to the Romans who used the term "opus caementitium" to describe masonry which resembled concrete and was made from crushed rock with burnt lime as binder. The volcanic ash and pulverized brick additives which were added to the burnt lime to obtain a hydraulic binder were later referred to as cementum, cimentum, cment and cement. Cements used in construction are characterized as hydraulic or non-hydraulic. The most important use of cement is the production of mortar and concrete - the bonding of natural or artificial aggregates to form a strong building material which is durable in the face of normal environmental effects. The cement industry is experiencing a boom on account of the overall growth of the Indian economy. The demand for cement, being a derived demand, depends primarily on the industrial activity, real estate business, construction activity, and investment in the infrastructure sector. India is experiencing growth on all these fronts and hence the cement market is flourishing like never before. Indian cement industry is globally competitive because the industry has witnessed healthy trends such as cost control and continuous technology upgradation. Global rating agency, Fitch Ratings, has commented that cement demand in India is expected to grow at 10% annually in the medium term buoyed by housing, infrastructure and corporate capital expenditures. The Indian cement industry is the second largest producer of quality cement, which meets global standards. The cement industry comprises 130 large cement plants with an installed capacity of 156. 26 million tonnes and more than 300 mini cement plants with an estimated capacity of 11.10 million tonnes making a total installed capacity of 167.36 million tonnes. Keeping in view the trend of growth of the industry, a production target of 142 million tonnes was fixed for the year 2005-2006. Cement production during April to December 2005 was 106.83 million tonnes, registering a growth of 9.31 percent. During November 2006, cement production was 12.43 Million tonnes, registering a growth of 11.98% as compared to 11.10 million tonnes in November 2005. Indian cement industry meets entire domestic demand and is able to export cement and clinker. The export of cement and clinker during April- December 2005 was 4.24 Million Tonnes and 2.53 million tonnes respectively. During November 2006, cement export showed a decline of 36.92% (from 0.65 million tonnes in November 2005 to 0.41 million tonnes in November 2006), whereas clinker export grew by 40.74% (from 0.27 million tonnes in Nov 2005 to 0.38 million tonnes in November 2006). continuous technological upgradation and assimilation of latest technology has been going on in the cement industry. Indian cement industry is modern and uses the latest technology. India is also producing different varieties of cement like Ordinary Portland cement (OPC), Portland Pozzolana cement (PPC), Portland Blast furnace Slag Cement (PBFS), Oil Well Cement, Sulphate Resisting Portland Cement, White Cement, etc. Future growth will be driven by expected GDP growth of more than 8 percent, growth of the housing sector and the development of roads, ports, airports and other infrastructure. The major players in the cement sector are ACC, Gujarat Ambuja Cement Limited, Grasim Industries and Ultratech, India Cements Limited, Jaiprakash Associates and JK Cements. Foreign players such as Holcim Italcementi, Heidelber and Lafarge have also entered the cement market

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