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
Infrastructure Transport

NHAI to Upgrade Tamil Nadu Highways

To reduce congestion on key national highways in Tamil Nadu, the National Highways Authority of India (NHAI) has planned capacity upgrades for at least eight highway stretches. The improvements will include bypasses, flyovers, and four-laning in Salem, Coimbatore, Tiruppur, Nilgiris, and Cuddalore. NHAI has invited tenders to appoint consultants for preparing detailed project reports (DPRs) on these expansions. The affected highways include NH-181, NH-81, NH-532, NH-85, and NH-136. Proposed Upgrades Across Highways - NH-181 (Coimbatore-Gundlupet Route): This stretch will see four bypasses an..

Next Story
Infrastructure Transport

Ludhiana-Bathinda Highway Revived as NHAI Invites Bids

The Ludhiana-Bathinda highway project, initially stalled due to land acquisition issues, has been revived as the National Highways Authority of India (NHAI) invites fresh bids to resume construction. The project, part of the Ludhiana-Ajmer Economic Corridor, is estimated to cost Rs 24.61 billion and will be executed in two phases. Package 1, covering 30.03 km, has a budget of Rs 9.06 billion, while Package 2, spanning 45.25 km, is set to cost Rs 15.55 billion. The NHAI had previously withdrawn the project due to unavailability of land. However, intervention from Union Minister for Road Trans..

Next Story
Infrastructure Urban

Dilip Buildcon Wins Rs 460M Arbitration

Infrastructure major Dilip Buildcon has secured an arbitration award of Rs 460 million against the National Highways Authority of India (NHAI) over delays and breaches during the execution of a highway project in Karnataka. The dispute pertains to the Rehabilitation and Upgradation of the Kerala Border to Kollegala Section of NH 212, awarded to Dilip Buildcon under an Engineering, Procurement, and Construction (EPC) agreement dated June 6, 2014. The project involved two-lane expansion with paved shoulders and four-lane development under the National Highways Development Project (NHDP) Phase IV..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?