South sees cement price rise

Cement prices across most regions in India headed lower in August as the monsoon continued to pick up pace. However, south India was an exception. The latest dealers’ channel check by Kotak Institutional Equities showed cement prices in south India have risen by ₹13 per bag in August from July and are now at ₹404. One cement bag weighs 50 kg. Most dealers based in the South continue to report poor sales on a month-on-month basis in August compared to July because of lack of credit flow, high cement prices, a heavy monsoon and a slowdown in government infrastructure projects. Also Read Target 900 MT coal production: MinisterMinistry of Coal signs 16 agreements with bidders of coal mines