+
Cement firms contemplating Rs 10-Rs 15 per bag hike
Cement

Cement firms contemplating Rs 10-Rs 15 per bag hike

Cement prices are hardening across the country, having gone up by Rs 16 per bag since August this year, said Emkay Global Financial Services Ltd.

According to a report by the company, in November the prices went up by about Rs 6-7 per bag.

While the prices remained flat in the western and central parts of the country, the rates hardened in the northern, eastern and southern regions, Emkay Global said.

According to the report, the cement companies are contemplating further price hikes of Rs 10-15/bag across the country this month.

“Absorption of the price hikes will get revealed over the next few days. With the financial-year change (from December to March) by ACC and Ambuja, volume push by these companies is likely to be limited in December. This is positive for the pricing trend in the near term,” Emkay Global said.

“We expect the industry's profitability to increase by move r than Rs200/ton QoQ (even higher for eastern region players) in Q3FY23, with improving cement prices along with peakout of operating cost in Q2FY23,” it added.

See also:
JK Cement begins commercial production at Panna
UltraTech Cement commissions new cement capacities


Cement prices are hardening across the country, having gone up by Rs 16 per bag since August this year, said Emkay Global Financial Services Ltd. According to a report by the company, in November the prices went up by about Rs 6-7 per bag. While the prices remained flat in the western and central parts of the country, the rates hardened in the northern, eastern and southern regions, Emkay Global said. According to the report, the cement companies are contemplating further price hikes of Rs 10-15/bag across the country this month. “Absorption of the price hikes will get revealed over the next few days. With the financial-year change (from December to March) by ACC and Ambuja, volume push by these companies is likely to be limited in December. This is positive for the pricing trend in the near term,” Emkay Global said. “We expect the industry's profitability to increase by move r than Rs200/ton QoQ (even higher for eastern region players) in Q3FY23, with improving cement prices along with peakout of operating cost in Q2FY23,” it added. See also: JK Cement begins commercial production at PannaUltraTech Cement commissions new cement capacities

Related Stories

Gold Stories

Next Story
Infrastructure Urban

NABARD Holds Seminar on Vigilance, Integrity and Good Governance

National Bank for Agriculture and Rural Development (NABARD) organised a seminar on “Vigilance: Strengthening Integrity and Good Governance” on 25 August 2026 at its Head Office in Mumbai as part of the ongoing Vigilance Awareness Campaign 2026 being observed from 17 August to 16 November 2026, with the theme “Probity for Prosperity."" The seminar was graced by Suresh N Patel, Former Central Vigilance Commissioner, Government of India, as the chief guest and keynote speaker.  The programme was attended by G S Rawat, Deputy Managing Director, Dr Ajay K Sood, Deputy Managing Dire..

Next Story
Equipment

XCMG Unveils World's First 14,000-Ton Ring Crane for Heavy Lifting

XCMG has announced that the first main unit of the world's first 14,000-ton ring crane has rolled off the production line, marking a historic breakthrough in ultra-heavy lifting technology. Jointly developed by XCMG and Sinopec Heavy Lifting & Transportation Co., Ltd., the crane will be the largest-capacity ring crane ever built, setting a new benchmark for major construction projects worldwide.The crane features a modular configuration comprising two main units that work in tandem. The first main unit has completed final assembly and can independently perform lifting operations. Once both..

Next Story
Infrastructure Urban

Thriveni Logistics orders 200 tip trailers from Jagdamba trailers

Jagdamba Trailers (JTPL), one of India’s growing trailer manufacturers, has secured a significant order for 200 Tip Trailers from Thriveni Transport and Logistics Pvt. Ltd., a leading mining and logistics company serving operations across India and overseas.The order, placed for iron ore transportation, is a major milestone for JTPL, particularly as the company secured the business after competing with more than 10 established trailer manufacturers. It also strengthens an already successful relationship between the two companies. Approximately one and a half years ago, Thriveni Transport and..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code