Kerala to boost cement production in PSUs to lower construction cost

09 Nov 2021 CW Team

In response to a calling attention motion by Sunny Joseph MLA, the minister said that the state produces only 10% of the cement required in the state and that private companies outside the state control 90% of the cement market.

The minister informed that Malabar Cements, a government-owned company, manufactures and sells cement at a lower cost than private companies. The government has taken steps to increase Malabar Cement production and intervene in price increases.

Travancore Cements, another PSU, has included an increase in white cement, wall putty, and grey cement production in its master plan.

The government will also establish raw material banks under the micro-small and medium enterprises (MSME) clusters, according to the minister.

The shortage of building materials and the need to address the steep price increase of building materials have come to the attention of the government, according to the minister, and the pandemic is the main factor that has aggravated the situation.

Cement, iron, PVC pipes, M-sand, P-sand, and other construction materials have seen their prices rise as the price of raw materials has increased.

The problems have been exacerbated by rising petroleum prices and a coal shortage. The minister also said that the cost of transporting cement from other states has contributed to the price increase.

The minister informed that the government had called a meeting of stakeholders to discuss the price hike and asked them to lower the prices to affordable levels.

The minister said that the government had also given relaxation to the quarrying industry to help it get through the crisis.

Image Source

Also read: Cement prices to rise in second half of FY22: HDFC Securities report

Kerala Industries and law minister P Rajeeve said in the assembly that the state government will increase cement production in public sector undertakings as a measure to lower construction material prices in the state. In response to a calling attention motion by Sunny Joseph MLA, the minister said that the state produces only 10% of the cement required in the state and that private companies outside the state control 90% of the cement market. The minister informed that Malabar Cements, a government-owned company, manufactures and sells cement at a lower cost than private companies. The government has taken steps to increase Malabar Cement production and intervene in price increases. Travancore Cements, another PSU, has included an increase in white cement, wall putty, and grey cement production in its master plan. The government will also establish raw material banks under the micro-small and medium enterprises (MSME) clusters, according to the minister. The shortage of building materials and the need to address the steep price increase of building materials have come to the attention of the government, according to the minister, and the pandemic is the main factor that has aggravated the situation. Cement, iron, PVC pipes, M-sand, P-sand, and other construction materials have seen their prices rise as the price of raw materials has increased. The problems have been exacerbated by rising petroleum prices and a coal shortage. The minister also said that the cost of transporting cement from other states has contributed to the price increase. The minister informed that the government had called a meeting of stakeholders to discuss the price hike and asked them to lower the prices to affordable levels. The minister said that the government had also given relaxation to the quarrying industry to help it get through the crisis. Image Source Also read: Cement prices to rise in second half of FY22: HDFC Securities report

Technology

28 Jun 2025

L&T Tech Services Wins $50 Mn+ Deal from Global Energy Major

L&T Technology Services, a global leader in engineering and technology services, announced that its Sustainability segment has been selected by one of the world's leading energy companies as its exclusive global engineering partner for Enterprise Data and Digital Services.The five-year agreement, valued at over $50 million, underscores the client’s long-term commitment to sustainability, innovation and digital transformation. This strategic partnership builds on a trusted relationship between the Client and LTTS spanning over a decade.As per the agreement, LTTS will provide Enterprise Da..

Infrastructure Energy

28 Jun 2025

ACME Solar Signs PPA with SECI for 300 MW Sikar Project in Rajasthan

ACME Sikar Solar, a wholly owned subsidiary of ACME Solar Holdings, has executed a 25-year Power Purchase Agreement (PPA) with the Solar Energy Corporation of India (SECI) for 300 MW capacity in Rajasthan at a fixed tariff of Rs 3.05 per kWh. This achievement follows the commissioning of 300 MW capacity by ACME Sikar on June 23, 2025.The said bid was won earlier under SECI ISTS XVIII Tranche, and the tariff was formally adopted by the Central Electricity Regulatory Commission (CERC) on 30th May 2025. As per the agreement, the project requires to supply power on or before June 30, 2025. The pro..

Infrastructure Urban

28 Jun 2025

UGRO Capital Appoints Anuj Pandey as Chief Executive Officer

UGRO Capital, a leading DataTech NBFC focused on MSME lending, today announced the elevation of Anuj Pandey, as the Chief Executive Officer (CEO) of the Company. Anuj is one of the founding team members of UGRO and currently its Chief Risk Officer. The appointment reflects UGRO’s commitment to strengthening institutional leadership as it scales its MSME lending franchise. Anuj has been an integral part of UGRO since inception, having built the Company’s risk governance framework and credit architecture. He brings around twenty-five years of diverse experience across companies like GSK cons..

Kerala to boost cement production in PSUs to lower construction cost

L&T Tech Services Wins $50 Mn+ Deal from Global Energy Major

ACME Solar Signs PPA with SECI for 300 MW Sikar Project in Rajasthan

UGRO Capital Appoints Anuj Pandey as Chief Executive Officer

Latest Updates

Advertisement

Recommended for you

Advertisement

Subscribe to Our Newsletter

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Modal Heading

First Name *

Last Name *

Industry *

Email Address *

Mobile Number *

Password *

Confirm Password *

Subscribe to our Newsletter

Email Address *

Password *

Please enter the details

Email Address

Modal Heading

First Name *

Last Name *

Industry *

Email Address *

Mobile Number *

Password *

Confirm Password *

Subscribe to our Newsletter

Email Address *

Password *

Please enter the details

Email Address