Pick-up in south Indian prices

Cement producers with operations in the south of India are expected to see improvements in profitability helped by better price realisations and an anticipated increase in demand.

Cement demand in south India is expected to be boosted after the formation of the Telegana state, ending political state, a report by the Economic Times of India stated.

Moreover, prices in the south, particularly Andhra Pradesh which had remained weak, have been looking up since June, the report added. Price increments have helped lift the average price in the south to almost INR300/bag – on a par with the national average.