Cement prices in India are likely to increase by INR7, the third successive rise this year by companies looking to under the rise in input costs, according to dealers.
“Costs of coal, the main material, and freight charges have gone through the roof,” said Shiva Cements chairman and managing director RB Gupta., adding that the rise in prices of diesel and petrol has affected margins.
After the price rise, a 50kg cement bag will cost around INR285 in Mumbai and Maharashtra, said dealers. The wholesale price in these markets will be around INR275/bag. Cement will be sold at INR310/bag in Delhi while some areas of Tamil Nadu, where price rises rose this week, may not see an increase.
Source: The Economic Times