India Gujarat Ambuja

India Gujarat Ambuja
Published: 15 December 2003

Gujarat Ambuja Cement, India's fourth largest cement producer, plans to raise prices by 10 rupees, or 8.7 per cent, later this week to INR125 a 50kg bag, a senior company executive said Monday.  The price rise will be implemented in the western industrial state of Gujarat, the executive said.  "The demand situation in Gujarat is fast improving. This would be our second price revision in two weeks," said the executive who didn't want to be named.  Gujarat Ambuja raised prices in Gujarat last week by INR15 a bag, or 15 per cent, to INR115.  Indian demand for cement has been rising steadily in the past year after the government started work on a major road-building program, enabling companies to raise prices and improve profitability.