Indian companies may rise prices by INR10/bag

Indian companies may rise prices by INR10/bag
24 January 2011

India’s cement companies may raise prices by INR10 per 50kg bag in the western part of the country, owing to a shortage of railway wagons, said a dealer Monday.

The hike will likely to take effect February 1, a dealer in Mumbai, who didn’t want to be identified, told Dow Jones Newswires.

"This is a seasonal shortage [of wagons] that impacts the supply of cement in most parts of the country at the same time," the dealer said.

Cement supply shortages are a common feature during the winter harvest season, when railway wagons are routed to transport food grains, impacting the bulk movement of cement and increasing prices of the building material.
Published under Cement News