1. Home
  2. Building Material
  3. Cement
  4. Kerala to boost cement production in PSUs to lower construction cost
Kerala to boost cement production in PSUs to lower construction cost
Cement

Kerala to boost cement production in PSUs to lower construction cost

09 Nov 2021 2 Min Read CW Team
Kerala Industries and law minister P Rajeeve said in the assembly that the state government will increase cement production in public sector undertakings as a measure to lower construction material prices in the state.

In response to a calling attention motion by Sunny Joseph MLA, the minister said that the state produces only 10% of the cement required in the state and that private companies outside the state control 90% of the cement market.

The minister informed that Malabar Cements, a government-owned company, manufactures and sells cement at a lower cost than private companies. The government has taken steps to increase Malabar Cement production and intervene in price increases.

Travancore Cements, another PSU, has included an increase in white cement, wall putty, and grey cement production in its master plan.

The government will also establish raw material banks under the micro-small and medium enterprises (MSME) clusters, according to the minister.

The shortage of building materials and the need to address the steep price increase of building materials have come to the attention of the government, according to the minister, and the pandemic is the main factor that has aggravated the situation.

Cement, iron, PVC pipes, M-sand, P-sand, and other construction materials have seen their prices rise as the price of raw materials has increased.

The problems have been exacerbated by rising petroleum prices and a coal shortage. The minister also said that the cost of transporting cement from other states has contributed to the price increase.

The minister informed that the government had called a meeting of stakeholders to discuss the price hike and asked them to lower the prices to affordable levels.

The minister said that the government had also given relaxation to the quarrying industry to help it get through the crisis.

Image Source

Also read: Cement prices to rise in second half of FY22: HDFC Securities report
Redefine the future of urban mobility! Join us at the Metro Rail Conference 2025 to explore groundbreaking ideas and insights. 👉 Register today!

Kerala Industries and law minister P Rajeeve said in the assembly that the state government will increase cement production in public sector undertakings as a measure to lower construction material prices in the state. In response to a calling attention motion by Sunny Joseph MLA, the minister said that the state produces only 10% of the cement required in the state and that private companies outside the state control 90% of the cement market. The minister informed that Malabar Cements, a government-owned company, manufactures and sells cement at a lower cost than private companies. The government has taken steps to increase Malabar Cement production and intervene in price increases. Travancore Cements, another PSU, has included an increase in white cement, wall putty, and grey cement production in its master plan. The government will also establish raw material banks under the micro-small and medium enterprises (MSME) clusters, according to the minister. The shortage of building materials and the need to address the steep price increase of building materials have come to the attention of the government, according to the minister, and the pandemic is the main factor that has aggravated the situation. Cement, iron, PVC pipes, M-sand, P-sand, and other construction materials have seen their prices rise as the price of raw materials has increased. The problems have been exacerbated by rising petroleum prices and a coal shortage. The minister also said that the cost of transporting cement from other states has contributed to the price increase. The minister informed that the government had called a meeting of stakeholders to discuss the price hike and asked them to lower the prices to affordable levels. The minister said that the government had also given relaxation to the quarrying industry to help it get through the crisis. Image Source Also read: Cement prices to rise in second half of FY22: HDFC Securities report

Next Story
Infrastructure Transport
09 Jan 2025

Anji Khad Bridge, India's First Cable-Stayed Rail Bridge Ready in J&K

Indian Railways has completed the Anji Khad Bridge, India’s first cable-stayed rail bridge, located in the Reasi district of Jammu and Kashmir. A critical component of the ambitious Udhampur-Srinagar-Baramulla Rail Link (USBRL) Project, this engineering marvel connects Katra and Reasi, promising enhanced regional connectivity and economic growth.Spanning 725.5 metres, the bridge features a 193-metre-tall main pylon, soaring 331 metres above the riverbed. Its design allows it to withstand wind speeds of up to 213 km/h and safely support train operations at speeds of 100 km/h.Constructed in th..

Read More
Next Story
Infrastructure Urban
09 Jan 2025

Exporters Raise Logistics Costs Concerns with Piyush Goyal

Exporters and freight agencies have voiced concerns over high terminal handling charges at ports and the underutilisation of dry ports, adding to India’s overall logistics costs. During a meeting with Commerce and Industry Minister Piyush Goyal, they highlighted that the fees charged by shipping terminals for container storage and positioning before loading exceed port charges by Rs 10,000-15,000 per consignment. The discussion focused on logistics and shipping challenges, with the government actively working to reduce costs across the supply chain, according to an official. India is targe..

Read More
Next Story
Infrastructure Transport
09 Jan 2025

Government to Revamp UDAN Scheme with Focus on Airport Readiness

The Indian government is set to revamp its regional air connectivity scheme, UDAN (Ude Desh ka Aam Nagrik), by prioritising airport readiness before inviting airlines to bid for operating routes. Financial support for the development of unserved airports and airstrips across the country is expected to be a key focus in the upcoming budget, along with stricter assessments of route feasibility, according to sources. Launched in 2017 to boost air travel in the world’s fastest-growing aviation market, the UDAN scheme caps airfares and provides subsidies to airlines for operating on less frequen..

Read More

Opinion Poll

Question : Which technological advancement do you believe will most transform the real estate industry in the coming years?

Latest updates

Anji Khad Bridge, India's First Cable-Stayed Rail Bridge Ready in J&K
RAILWAYS & METRO RAIL
09 Jan 2025

Anji Khad Bridge, India's First Cable-Stayed Rail Bridge Ready in J&K

Exporters Raise Logistics Costs Concerns with Piyush Goyal
WAREHOUSING & LOGISTICS
09 Jan 2025

Exporters Raise Logistics Costs Concerns with Piyush Goyal

Government to Revamp UDAN Scheme with Focus on Airport Readiness
AVIATION & AIRPORTS
09 Jan 2025

Government to Revamp UDAN Scheme with Focus on Airport Readiness

Motilal Oswal Raises Rs 17.5 Billion for Sixth Real Estate Fund
Real Estate
09 Jan 2025

Motilal Oswal Raises Rs 17.5 Billion for Sixth Real Estate Fund

Noida Authority Recovers Rs 4.8 Billion Floodplain from Encroachers
Real Estate
09 Jan 2025

Noida Authority Recovers Rs 4.8 Billion Floodplain from Encroachers

Noida Authority Directs Suraksha to Resume Jaypee Kosmos Maintenance
Real Estate
09 Jan 2025

Noida Authority Directs Suraksha to Resume Jaypee Kosmos Maintenance

Varun Dhawan Buys Two Luxury Apartments in Juhu for Rs 869.2 Million
Real Estate
09 Jan 2025

Varun Dhawan Buys Two Luxury Apartments in Juhu for Rs 869.2 Million

Cable Car Project for Mumbai Metropolitan Region Gets Green Light
ECONOMY & POLICY
09 Jan 2025

Cable Car Project for Mumbai Metropolitan Region Gets Green Light

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