Cement prices are all set to go up
Cement

Cement prices are all set to go up

As per the dealer checks by Kotak Institutional Equities, cement producers tried a Rs 15-20 a bag (5 per cent) hike pan-India, led by sharper increases in the south and the east for April. Only a part of this would get absorbed and more such hikes could be attempted in the coming weeks, it said.

Cement prices are set to go up as costlier Asian thermal coal and higher gas price outlook in Europe are likely to swell expenses for cement manufacturers. Power and fuel costs are likely to increase by 10 per cent in the April-June quarter because of a steep rise in coal and pet coke prices in March.

Cost inflation, muted volume growth and inadequate price hikes led to margin contraction for the quarter ended March.

UltraTech reported flat volumes and its power and fuel costs were higher than pan-India peers ACC and Ambuja Cements. Yet, its operating profit per tonne fell the least. Higher prices of petcoke and coal usually reflect in the financials of the cement makers after a lag of 30-45 days.

Margins contracted for ACC and Ambuja as their costs rose. Price hikes in a seasonally strong quarter did offset pressure to an extent.

As per the dealer checks by Kotak Institutional Equities, cement producers tried a Rs 15-20 a bag (5 per cent) hike pan-India, led by sharper increases in the south and the east for April. Only a part of this would get absorbed and more such hikes could be attempted in the coming weeks, it said.Cement prices are set to go up as costlier Asian thermal coal and higher gas price outlook in Europe are likely to swell expenses for cement manufacturers. Power and fuel costs are likely to increase by 10 per cent in the April-June quarter because of a steep rise in coal and pet coke prices in March.Cost inflation, muted volume growth and inadequate price hikes led to margin contraction for the quarter ended March.UltraTech reported flat volumes and its power and fuel costs were higher than pan-India peers ACC and Ambuja Cements. Yet, its operating profit per tonne fell the least. Higher prices of petcoke and coal usually reflect in the financials of the cement makers after a lag of 30-45 days.Margins contracted for ACC and Ambuja as their costs rose. Price hikes in a seasonally strong quarter did offset pressure to an extent.

Next Story
Resources

KBL Launches Smart Skid Mounted Fire Pump Set

Kirloskar Brothers (KBL) has launched its Smart Skid Mounted Fire Pump Set, an integrated fire protection solution designed to improve operational efficiency, remote monitoring and installation flexibility. The system was inaugurated by Ms Madhuritai Misal, Hon. Minister of State for Urban Development, Government of Maharashtra.The Smart Skid Mounted Fire Pump Set is a factory-tested, pre-packaged solution that combines FM/UL-certified motor and engine pump sets with IoT-enabled remote monitoring. Designed to deliver a flow rate of 170 m³/hr at a head of 100 metres, the system aims to provide..

Next Story
Real Estate

Senior Living Shifts Beyond Retirement Housing

Senior living in India is increasingly being positioned as a lifestyle-driven housing segment rather than conventional retirement accommodation. Across projects in Bengaluru, Pune and the NCR, developers are focusing on wellness ecosystems, assisted independence and active ageing, reflecting changing perceptions of later life among urban affluent buyers.The shift is being driven by financially secure seniors seeking socially engaged and professionally managed communities instead of ageing in large family homes. Developers are also moving away from standalone retirement campuses, particularly i..

Next Story
Products

Antica Ceramica Launches Heritage-Inspired Terracotta Tiles

Antica Ceramica has launched a new terracotta tile collection inspired by India’s architectural heritage and designed for contemporary interiors and exteriors. The range combines handcrafted aesthetics with modern functionality, bringing warmth, texture and cultural character to residential and hospitality spaces.Drawing inspiration from traditional courtyards, verandahs and heritage homes, the collection features terracotta tones, handcrafted motifs and customisable patterns aimed at transforming flooring and surfaces into design elements. The launch reflects growing demand for natural mate..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

-->