Mumbai, May 8

ACC Ltd said it has decided to hold its cement prices over the next 2-3 months.

The cement major said it was responding to concerns expressed by the Government on the upward move in the price of the commodity.

“While ACC has been taking all steps necessary to ensure that production is maintained at peak levels at all its plants and will continue to improve further operational efficiencies, this price freeze will erode the company’s margins. During this period, ACC will engage in an open dialogue with the Government to explore viable solutions to combat inflationary trends that have disproportionately increased its input costs,” said a statement from the company.

Taken from Business Line

thehindubusinessline.in