Cement prices witnesses 3 to 5% increase on monthly basis in Jan
Cement

Cement prices witnesses 3 to 5% increase on monthly basis in Jan

Cement prices witnessed a 3 to 5% price increase on a monthly basis in the country in the month of January, which was led by hikes seen across eastern and southern regions.

The upward movement was after the weak demand that prevailed in November and a few weeks of December, which was pressuring for cement companies.The extended rainfall in southern India, while the issues of sand mining in eastern India were some reasons for the weak demand for the period.

Cement companies have indicated signs of improvement in demand from mid-December, which will not support the upward price trends. However, there are chances that it could lead to an increase in cement prices in February.

The price hikes in South and East India are about 5% and 6% each. While in West and North India they are about 3% and 1%. However, in Central India, they have continued to stay flat.

MD and CEO, Dalmia Cement (Bharat) Limited said that capacity usage was 69% in Q3 FY22 and 83% in December. The same is expected to reach the range of 70-75% for the January- March quarter. He indicated that in select regions the price hikes were already being rolled out.

Image Source

Also read: Cement prices to increase by Rs 25-30 per 25 kg bag in AP

Cement prices witnessed a 3 to 5% price increase on a monthly basis in the country in the month of January, which was led by hikes seen across eastern and southern regions. The upward movement was after the weak demand that prevailed in November and a few weeks of December, which was pressuring for cement companies.The extended rainfall in southern India, while the issues of sand mining in eastern India were some reasons for the weak demand for the period. Cement companies have indicated signs of improvement in demand from mid-December, which will not support the upward price trends. However, there are chances that it could lead to an increase in cement prices in February. The price hikes in South and East India are about 5% and 6% each. While in West and North India they are about 3% and 1%. However, in Central India, they have continued to stay flat. MD and CEO, Dalmia Cement (Bharat) Limited said that capacity usage was 69% in Q3 FY22 and 83% in December. The same is expected to reach the range of 70-75% for the January- March quarter. He indicated that in select regions the price hikes were already being rolled out. Image Source Also read: Cement prices to increase by Rs 25-30 per 25 kg bag in AP

Next Story
Infrastructure Transport

Chembur Metro to Boost East Mumbai Links

MMRDA is advancing eastern Mumbai’s urban mobility network, with the upcoming Chembur Metro Station set to emerge as a key interchange and the Mumbai Monorail preparing for relaunch.Dr Sanjay Mukherjee, Metropolitan Commissioner, MMRDA, conducted a site visit to Chembur Metro Station along with Kanhuraj Bagate, Managing Director, MMMOCL. He also visited the nearby VN Purav Monorail Station to review system preparedness and ease of interconnectivity.Once operational, the interchange is expected to offer commuters across the eastern suburbs quicker access, smoother transfers and seamless conne..

Next Story
Equipment

Herrenknecht TBMs Drive Thane–Borivali Tunnel Progress

Herrenknecht India has supplied two of the four tunnel boring machines (TBMs) required for the 11-km Thane–Borivali Twin Tunnel Project being developed by the Mumbai Metropolitan Region Development Authority (MMRDA). The project is expected to reduce travel time between Thane and Borivali from 60–90 minutes to around 15 minutes while easing congestion across the Mumbai Metropolitan Region.The first two Single Shield TBMs, named Nayak and Arjuna, feature 13.34-m cutterhead diameters and are designed for hard-rock excavation. They will be deployed to tunnel through the challenging geological..

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..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

-->