Star Cement is buzzing on the back of the company receiving Rs 158.82 crore towards capital investment subsidy claims from the central government. In an interview to CNBC-TV18, Sanjay Gupta, CEO of Star Cement discussed this and more.
Demonetisation and an increase in raw material prices have dealt a double whammy to the cement sector. How long will this pain last? Will there be demand recovery in 2017? CNBC-TV18's Latha Venkatesh & Sonia Shenoy asks the experts.
Sanjay Gupta, CEO of Star Ferro says, while cement prices have increased by Rs 10 per bag in North East India, there has been little improvement in Bihar, Jharkhand and Bengal.
Cement prices are likely to increase by Rs 10 to Rs 15 per bag in Q3 with a pick up in demand in second half of FY16, says Sanjay Gupta, CEO of Star Ferro and Cement.
Recent reports indicate that cement prices have been reduced once again in May 2015. But Sanjay Gupta, CEO, Star Ferro & Cement says there has been no price cut in north-east and eastern region. In these parts, prices were stable even in the fourth quarter.