CMA: cement prices hiked in four states, India

CMA: cement prices hiked in four states, India
27 November 2009

Cement prices in Maharashtra and Gujarat have been hiked by 8-10 rupees because of the unavailability of railway wagons, an official of the Cement Manufacturers Association said on Friday.

"The governmet has given priority of allotment of railway wagons to foodgrains and fertilisers. So there is a serious dearth of availability of wagons," Sanjay Ladiwala, who is also the president of Cement Stockists and Dealers Association of Mumbai told newschannel CNBC-TV18.

Prices from the northern part of the country have yet to be hiked, he said.

"Andhra has started with an average of 10-12 rupees (per bag), and that was the first price hike.. Tamil Nadu will be in that vicinity," he said.

"Maharashtra is in the region of 8-10 rupees and the same is Gujarat," he said.
Published under Cement News