Chhattisgarh MP criticises sudden cement price hike

09 Sep 2024 CW Team

Senior BJP leader and newly elected MP Brijmohan Agrawal has strongly condemned the recent surge in cement prices in Chhattisgarh, urging immediate intervention from both state and central authorities. Agrawal warned that the abrupt price increase would negatively affect critical infrastructure projects, including roads, bridges, schools, and housing under the Prime Minister's Aawas Yojana (PMAY).

In letters addressed to Chief Minister Vishnu Deo Sai, Union Finance Minister Nirmala Sitharaman, and the Competition Commission of India, Agrawal alleged that a cartel of cement companies was behind the price hike. Cement prices have risen by Rs 50 per sack since September 3, impacting local projects despite Chhattisgarh's wealth of mineral resources, including iron, coal, and energy.

Agrawal emphasised that the state's cement industry benefits from low labour costs and abundant resources, yet has chosen to impose a financial burden on the public. The price of cement has jumped from Rs 260 to Rs 310 per bag in a day, with costs for government projects rising from Rs 210 to Rs 260 per bag.

He called for government action to reverse the price increase, warning that it could disrupt public works and inflate costs, potentially harming both state and national interests.

(ET)

Infrastructure Urban

06 Apr 2026

InsideFPV Delivers ₹10 Crore Kamikaze Drone Order Under MoD’s EPR Route

InsideFPV, a Surat-based drone technology manufacturer, has successfully executed a ₹10 crore defence contract to supply indigenous kamikaze drones under the Ministry of Defence’s Emergency Procurement Route (EPR). The company completed the delivery of hundreds of FPV kamikaze drone platforms within a rapid two-month timeframe, highlighting its ability to meet urgent military procurement timelines.The supply orders were fulfilled under the emergency procurement mechanism, which is aimed at fast-tracking acquisitions for immediate operational needs. InsideFPV’s quick execution reflects it..

Vedanta Resources Secures Fitch Upgrade to ‘BB-’, Best Rating Since 2015

Vedanta Resources Limited (VRL), a global player in metals, oil & gas, critical minerals, power and technology, has received a credit rating upgrade from Fitch Ratings, marking its strongest bond rating in over a decade.Fitch has raised Vedanta Resources’ Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘BB-’ from ‘B+’, while maintaining a Stable Outlook. The agency also upgraded VRL’s senior unsecured rating, along with the ratings of US dollar-denominated bonds issued by Vedanta Resources Finance II Plc and guaranteed by VRL, to ‘BB-’.The upgrade represents Vedan..

NAREDCO NextGen NCR Chapter Launched

The NAREDCO NextGen NCR Chapter was recently launched at Excelerate 2026 in Mumbai, marking a key step towards integrating emerging real estate leaders from the National Capital Region with the national platform. The initiative aims to promote sustainable and responsible urban development through collaboration and knowledge exchange.The event brought together young developers, entrepreneurs, and professionals from across NCR, including Noida, Gurugram, Ghaziabad, Faridabad, Bhiwadi, and Meerut. Discussions focused on urban development, finance, sustainability, innovation, and policy, emphasisi..