Untitled Document
Excon, Excon 2011 Biggest Construction Equipment Trade fair India.
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www.epcworld.in
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Cement |
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| 7/18/2009 1:41:00 PM |
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Mumbai, July (EPC News): Cement prices may remain stable belying the general expectations of a sharp fall starting July when the monsoon intensifies.
Prices have gone up by Rs 8-10 for a 50-kg bag in the northern region on the back of strong demand and hike in diesel prices. |
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“We have not seen any drop in demand in the western and northern region so far as the monsoon was delayed. Moreover, the hike in diesel prices have increased cost further,” Vinod Juneja, Managing Director, Binani Cement.
He added that the Rajasthan Government has raised local taxes from 12% to 14.5%, pushing up the cost by Rs 3 a bag.
Cement prices fell in March following a two per cent cut in the excise duty but began moving up from April. The average price across the country is around Rs 250 a 50-kg bag. In Kolkata, it is about Rs 272 and in the northern region Rs 235.
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