Cement prices down across India due to monsoon: Jefferies

07 Sep 2022 CW Team

Cement prices are declining in most markets due to the monsoon, according to a research report by Jeffries. The all-India average prices are currently below the January 2022 average, when the cost pressure was less.

The report has also cautioned that high input costs and soft pricing may further weaken the second quarter of the financial year for the sector.

The recent price hike comes after a fall in cement prices by Rs 40 to 60 per bag since May 2022. The dealers have also indicated that there is pressure on prices due to the newly commissioned clinker capacity by Shree Cement, UltraTech and Dalmia.

Earlier in July, the Competition Commission of India (CCI) finalised a report on its investigation into the alleged cement cartelisation in the eastern and southern regions of the country.

In East India, the weak cement prices for August, particularly in the Kolkata market, were due to the fight for volumes. There was a price increase of Rs 10 to 15 per bag from September 5 and another Rs 10 per bag increase is expected from the September 15.

In West India, the producers have announced a price hike of approximately Rs 20 per bag in Ahmedabad and Pune markets from the fifth to September and there is no price hike announcement in Mumbai.

In central India, the cement prices were largely stable in the trade segment, except for a minor decline in the Lucknow market. For South India, the monsoons have been intensifying in the last two weeks of August, and the prices declined by approximately Rs 10 per bag in Bangalore and Chennai.

While PET coke cost has eased from the peak, it is still above January 2022, and coal is substantially higher.

Infrastructure Transport

06 Feb 2026

Lucknow Metro East-West Corridor Consultancy Contract Awarded

The Uttar Pradesh Metro Rail Corporation has awarded the first construction-related consultancy contract for the Lucknow Metro East West Corridor to a joint venture of AYESA Ingenieria Arquitectura SAU and AYESA India Pvt Ltd. The firm was declared the lowest bidder for the Detailed Design Consultant contract for Lucknow Metro Line-2 under Phase 1B and the contract was recommended following the financial bid. The contract is valued at Rs 159.0 million (mn), covering design services for the corridor. Lucknow Metro Line-2 envisages the construction of an 11.165 kilometre corridor connecting Cha..

Div Com Kashmir Urges Fast Tracking Of Jhelum Water Transport Project

The Divisional Commissioner of Kashmir has called for the fast-tracking of the Jhelum water transport project, urging district administrations and relevant agencies to accelerate planning and clearances. In a meeting convened at the divisional headquarters, the commissioner instructed officials from irrigation, public health engineering and municipal departments to prioritise the project and coordinate survey and design work. The directive emphasised removal of administrative bottlenecks and close monitoring to ensure timely mobilisation of resources and contractors. Officials were told to in..

Interarch Reports Strong Q3 And Nine Month Results

Interarch Building Solutions Limited reported unaudited results for the third quarter and nine months ended 31 December 2025, recording strong revenue growth driven by execution and a robust order book. Net revenue for the third quarter rose by 43.7 per cent to Rs 5.225 billion (bn), compared with Rs 3.636 bn a year earlier, reflecting heightened demand in pre-engineered building projects. The company’s total order book as at 31 January 2026 stood at Rs 16.85 bn, supporting near-term visibility. EBITDA excluding other income for the quarter increased by 43.2 per cent to Rs 503 million (mn),..