ACC-Ambuja announce agreement for supply of cement, clinker & raw materials

After putting their merger on hold, ACC and Ambuja Cements have announced a plan to enter into a master supply agreement with each other for supply of cement, clinker and raw materials. In an interview with CNBC-TV18, Sanjay Ladiwala, Cement Expert and Navin Sahadeo of Edelweiss spoke about the latest happenings in their company and sector.

The prices have corrected a bit in the last couple of months. February, the prices were a bit higher and we are seeing the prices coming off by anywhere between 7 percent and 12 percent, depending on the region, said Ladiwala.

March end is the time when the government want to use up their budget allocation and therefore demand comes in at this time, so we don’t see a price cut during March but prices have come off during this month and it is a little unexpected and not supposed to last for too long, he added.

For entire discussion, watch accompanying video…