Cement prices likely to rise

Cement prices are likely to rise in view of heightened construction activity post-monsoon. The prices in Gujarat may go up by around Rs 20 for a 50 kg bag, while in Hyderabad prices are likely to be hiked by Rs 30 per bag pushing it to around Rs 240. Similarly Chennai prices may be hiked by as much as Rs 40. Companies like UltraTech Cement, Ambuja Cement, Sanghi Industries, Gujarat Siddhi Cement, Saurashtra Cement, Binani Cement, JK Lakshmi Cement and Jaiprakash Associates plan to increase prices.