Mumbai prices to rise again

Mumbai prices to rise again
Published: 01 February 2006


Indian cement companies will hike cement prices by INR5 per 50kg bag in Mumbai, effective Feb. 6, said an industry official.

The price hike follows a hike Monday by INR4-INR5 a bag on average. Ultratech Cement Ltd. (532538.BY), whose brand commands a premium, raised prices by as much as INR6-INR7 a bag.

Current retail cement prices in Mumbai are around INR188 a bag, while prices in the bulk market are around INR168-INR170 a bag.