Cement prices witnesses 3 to 5% increase on monthly basis in Jan
Cement

Cement prices witnesses 3 to 5% increase on monthly basis in Jan

Cement prices witnessed a 3 to 5% price increase on a monthly basis in the country in the month of January, which was led by hikes seen across eastern and southern regions.

The upward movement was after the weak demand that prevailed in November and a few weeks of December, which was pressuring for cement companies.The extended rainfall in southern India, while the issues of sand mining in eastern India were some reasons for the weak demand for the period.

Cement companies have indicated signs of improvement in demand from mid-December, which will not support the upward price trends. However, there are chances that it could lead to an increase in cement prices in February.

The price hikes in South and East India are about 5% and 6% each. While in West and North India they are about 3% and 1%. However, in Central India, they have continued to stay flat.

MD and CEO, Dalmia Cement (Bharat) Limited said that capacity usage was 69% in Q3 FY22 and 83% in December. The same is expected to reach the range of 70-75% for the January- March quarter. He indicated that in select regions the price hikes were already being rolled out.

Image Source

Also read: Cement prices to increase by Rs 25-30 per 25 kg bag in AP

Cement prices witnessed a 3 to 5% price increase on a monthly basis in the country in the month of January, which was led by hikes seen across eastern and southern regions. The upward movement was after the weak demand that prevailed in November and a few weeks of December, which was pressuring for cement companies.The extended rainfall in southern India, while the issues of sand mining in eastern India were some reasons for the weak demand for the period. Cement companies have indicated signs of improvement in demand from mid-December, which will not support the upward price trends. However, there are chances that it could lead to an increase in cement prices in February. The price hikes in South and East India are about 5% and 6% each. While in West and North India they are about 3% and 1%. However, in Central India, they have continued to stay flat. MD and CEO, Dalmia Cement (Bharat) Limited said that capacity usage was 69% in Q3 FY22 and 83% in December. The same is expected to reach the range of 70-75% for the January- March quarter. He indicated that in select regions the price hikes were already being rolled out. Image Source Also read: Cement prices to increase by Rs 25-30 per 25 kg bag in AP

Next Story
Real Estate

Rethinking Slum Development

In July 2024, the Supreme Court directed the Bombay High Court to initiate suo motu proceedings to evaluate the implementation of the Maharashtra Slum Area (Improvement, Clearance and Redevelopment) Act.During the ensuing proceedings, the Division Bench of Justices expressed concern about the plight of slum dwellers, saying, “Merely because you are a slum dweller doesn’t mean that you are left to the discretion of developers. They end up with a pittance.” The Bench also noted that the buildings allocated to slum dwellers were akin to “vertical slums”. “The buildings are congested. ..

Next Story
Real Estate

Ring in the New!

Lighting:OLED (organic light emitting diode) panels such as those by Philips are the latest option in soft lighting fixtures that can be embedded into walls, ceilings or furniture, says Nilesh Sawant, Principal Architect, Nilesh Sawant Architect. “Being thin and flexible, they lend themselves well to different applications while delivering the energy-efficiency associated with LED technology.”And Sapna Aggarwal, Founder, ANSA Architecture & Interiors, says “Embedded light-emitting diodes can create a dreamy illumination, while dimmable LEDs are useful for allowing..

Next Story
Infrastructure Urban

Jhansi Library

The Jhansi Library, commissioned by the Jhansi Development Authority (JDA) under the Jhansi Smart City initiative and built by Bootes Impex, a net-zero construction-tech company. It is the first library in Asia to achieve EDGE (Excellence in Design for Greater Efficiencies) certification from the International Finance Corporation (IFC), a member of the World Bank Group. This milestone marks the library as India’s first and only net-zero library, aligning  with India’s Net-Zero Vision 2070.Sustainable designDeepak Rai, Managing Director, Bootes Impex, explains, “The project's vision ..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000