ACC and Ambuja to supply discounted cement to each other

ACC Ltd and Ambuja Cements have agreed to supply cement to each other at a discount, according to Bloomberg. The agreement also covers the supply of clinker, fuel, fly ash, slag and gypsum. According to the pricing formula, either company would receive a five per cent discount on the average net selling price.

Cement prices in India
Cement prices have fallen across India in March, according to the Kotak Institutional Equities’ dealer survey. Prices have decreased by INR9/bag (US$0.14/bag), which has almost restored it to the amount recorded before the price hike of the previous three months.