India: Telangana State Housing Corporation signs cement price MoU

India: Telangana State Housing Corporation signs cement price MoU
03 November 2016


The State Housing Corporation of Telangana has signed a memorandum of understanding with local producers to fix the price of supplied cement at INR230/bag (US$3.45), the New India Express reports.

The rate includes loading, transportation, unloading and all taxes. The average price of a bag of cement in India was INR285-290/bag at the beginning of the year, but substantially higher in Telangana and other southern states at around INR350/bag.

The State Housing Corporation is currently undertaking a programme to provide over 270,000 low-cost homes by the end of FY2017. The memorandum will be in effect for the the next three years, covering the whole of that period and beyond.

Published under Cement News

Tagged Under: India cement prices Price target