Cement prices go up 3 per cent on housing boom

Cement prices go up 3 per cent on housing boom
Published: 28 April 2005

(Associated Cement Companies increased price by Rs5 per 50-kilogram bag)

With boom in the housing sector and the Government spending on roads and bridges driving demand, cement companies in Mumbai have raised prices by 3 per cent. Associated Cement Companies (ACC) increased price by Rs5 for a bag of cement of 50kg. In the wake of the lowest home loan rates in 30 years, the demand for housing has gone up. Construction of roads, ports and dams has increased prior to the onset of monsoon rains.