Cement sector exits Q4 with flat prices

31 Mar 2023 CW Team

For cement firms, the March quarter (Q4FY23) was a washout in terms of cement price movement. Elara Securities (India) Pvt. Ltd.'s most recent dealers channel check revealed that the average retail price throughout all of India fell by $8 per 50 kg bag on a monthly basis to $371 in March. As a result, the average cement price throughout all of India is predicted to increase by about 2% on a yearly basis but may essentially stay steady in Q4FY23.

According to the Elara report dated 28 March, attempts at price increases have been unsuccessful because of the volume push, lower-than-expected demand, and greater discount offerings.

Unseasonal rainfall and a labour shortage in some regions also had an adverse effect on construction activities and the demand for cement.

Investors should prepare for muted sequential realisations increase in the upcoming quarterly earnings as a result.

According to region, the price per bag decreased by 5 in central India, then in the north, west, east, and south. The monthly decline in South India was the largest at Rs. 10 per bag. Prices in this region have been trending downward for a while, primarily due to fierce rivalry for market share. While the June quarter is typically good for the cement industry, an increase in prices is anticipated in April.

Infrastructure Transport

09 Sep 2025

Patna Metro Trials Successful, Red Line Priority Corridor to Launch This Month

Patna is set to roll out its first metro rail service later this month, with successful trial runs conducted on the Red Line priority corridor, the Patna Metro Rail Corporation announced.On 7 September, a metro train completed a test run between the Patna depot and Bhootnath station. Officials said the trials involved rigorous checks of rolling stock fitness, overhead electrification (OHE), and track alignment and stability to ensure operational safety and performance.The corridor from the New Pataliputra Bus Terminal to Bhoothnath has been designated as the priority stretch and will be the fi..

India and Israel Sign Bilateral Investment Agreement to Boost Economic Ties

The Government of India and the Government of Israel signed a Bilateral Investment Agreement (BIA) in New Delhi today, marking a significant milestone in strengthening economic relations between the two nations. The agreement was signed by Union Finance Minister Smt. Nirmala Sitharaman and Israel’s Finance Minister HE Bezalel Smotrich.The signing ceremony was attended by senior officials from both governments. The BIA is expected to encourage bilateral investments, provide greater certainty for investors, and promote trade by ensuring transparent regulations, safeguards against expropriation..

President Murmu Graces EEPC India’s Platinum Jubilee in New Delhi

President of India, Droupadi Murmu, attended the Platinum Jubilee Celebrations of the Engineering Export Promotion Council (EEPC) India in New Delhi on September 8, 2025. She highlighted India’s historic role in trade and knowledge and urged EEPC to lead efforts in strengthening the nation’s position in the global economy.The President noted that India’s engineering exports have grown from USD 70 billion to over USD 115 billion in the last decade, despite global trade challenges. She commended EEPC for its role in this achievement and emphasised its importance as a bridge between interna..