Mumbai prices to rise again

Mumbai prices to rise again
01 February 2006

Indian cement companies will hike cement prices by INR5 per 50kg bag in Mumbai, effective Feb. 6, said an industry official.

The price hike follows a hike Monday by INR4-INR5 a bag on average. Ultratech Cement Ltd. (532538.BY), whose brand commands a premium, raised prices by as much as INR6-INR7 a bag.

Current retail cement prices in Mumbai are around INR188 a bag, while prices in the bulk market are around INR168-INR170 a bag.
Published under Cement News