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Cement cos hike prices by 10-15 rupees/50 kg in south India

Informist, Thursday, Apr 1, 2021

 

–Cement cos also hike price in Karnataka

–Cement cos hike price in Andhra Pradesh, Telangana, Tamil Nadu

–Cement cos hike prices on rise in freight, packaging cost

–Orient Cements, Ramco Cements hike prices in south India

–Sagar Cements, Shree Cements hike prices in south India

–Dalmia Bharat, ACC, Kesoram hike prices in south India

–UltraTech, India Cements hike prices in south India

 

By Narayan Krishna

 

HYDERABAD – Cement companies with operations in southern states such as Andhra Pradesh, Telangana, Tamil Nadu and Karnataka have increased the prices by 10-15 rupees per 50 kg bag, with effect from today, dealers told Informist.

 

The increase in freight cost and the rise in cost of packaging material are the key reasons for the price hike, according to the dealers.

 

After the price hike, a bag of cement in the retail segment will be sold at 350-420 rupees, depending upon the brand and the location, dealers said.

 

A top official of a Hyderabad based cement company confirmed the development, saying that the hike is needed to recover the increased input and packaging costs.

 

Brands that have increased prices include UltraTech, India Cements, ACC, JK Lakshmi Cement, Sagar Cements, Orient Cement, Shree Cement, Dalmia Bharat, Ramco Cements, Kesoram Industries, Chettinadu Cements and NCL Industries.

 

Dealers said some companies had stopped dispatches three days ago, so that they could begin supplying the commodity with the increased price tag.

 

At 1221 IST, UltraTech Cement shares were trading at 6,834 rupees on National Stock Exchange, up 1.4% from the previous close. Shree Cement was trading at 29,759.75 rupees, up 1%.  End

 

US$1 = 73.10 rupees

IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT

 

Edited by Michael Correya

 

 

Cogencis news is now Informist. This follows the acquisition of Cogencis Information Services Ltd by NSE Data & Analytics Ltd, a 100% subsidiary of the National Stock Exchange of India Ltd. As a part of the transaction, the news department of Cogencis has been sold to Informist Media Pvt Ltd.

 

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