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New UserCement companies hike prices in north; reduce in south
09 Mar 2017
Cement companies have increased the prices in the northern market by Rs 10 -15 per 50 kg bag, whereas the vice versa can be seen in the prices of cement bags in the southern market.
Trade sources reported that hike in prices was the result of increase in input costs, as coal, petcoke & freight are the major raw materials used by cement companies and their prices have risen as compared to last year.
Whereas, an official of a top cement company in the southern part of India, has informed that prices slipped in Kerala & Tamil Nadu due to weak demand.
In Delhi, a cement bag is priced at around Rs 290 to Rs 320.
A price hike has been adopted by almost all cement companies, the major ones being, Jaiprakash Associates, Shree Cement and Birla Corporation, though it has not been ascertained by them.
Source: India Infoline