Cement prices hiked by Rs 5-15/bag

Confirming the news, Sanjay Ladiwala, President of the Cement Manufacturers Association said “There have been price hikes in the southern and the western regions, not big though considering what had come off in the recent past months but yes a start for the price hikes. North will soon follow suit.”

Commenting on the reasoning behind the move, Vinod Juneja, Managing Director of Binani Group of Industries said this pricing uptick was due to logistical issues and wagon unavailability. “This is the peak season in the North—there is a huge demand bump due to the Commonwealth Games. Thus the rise in prices is bound to happen.”