Cement price hike again alert!!!...
Cement price hike again alert!!!...
Cement prices start touching the sky every year and this year there has been a huge increase in the prices of cement once again in the midst of adverse economic conditions. In such a situation, if you are also thinking of building your new house or are thinking of repairing or expanding the old house, then you will have to pay more for cement.
India Cement hikes pricesActually, india Cement Limited is going to sell its lands for loan payment and to increase capital expenditure. At the same time, the company has also increased the price of cement by Rs 55. Giving information about this, a senior official of the company said that due to the rise in coal prices, the cost price has increased, due to which the company has to take this decision. There is a possibility that other companies may also increase the prices of cement.
Price will increase up to Rs 55According to the information given by the india Cement Company, the company will increase the price of cement by Rs 55 per bag in three phases from june to July. On june 1, the price of cement per bag will be increased by Rs 20, on june 15 by Rs 15 and on July 1 by Rs 20. Accordingly, overall the price of cement will increase by Rs 55.What did the company say responsible?At the same time, the company's Managing director and Vice President N Srinivasan told that the company will sell some land along with increasing price of cement to settle the debt and for capital expenditure. "We are not panic selling the land. We have about 26,000 acres in andhra pradesh and tamil Nadu. These lands are of different categories," he said.
Cement prices start touching the sky every year and this year there has been a huge increase in the prices of cement once again in the midst of adverse economic conditions. In such a situation, if you are also thinking of building your new house or are thinking of repairing or expanding the old house, then you will have to pay more for cement.
India Cement hikes pricesActually, india Cement Limited is going to sell its lands for loan payment and to increase capital expenditure. At the same time, the company has also increased the price of cement by Rs 55. Giving information about this, a senior official of the company said that due to the rise in coal prices, the cost price has increased, due to which the company has to take this decision. There is a possibility that other companies may also increase the prices of cement.
Price will increase up to Rs 55According to the information given by the india Cement Company, the company will increase the price of cement by Rs 55 per bag in three phases from june to July. On june 1, the price of cement per bag will be increased by Rs 20, on june 15 by Rs 15 and on July 1 by Rs 20. Accordingly, overall the price of cement will increase by Rs 55.What did the company say responsible?At the same time, the company's Managing director and Vice President N Srinivasan told that the company will sell some land along with increasing price of cement to settle the debt and for capital expenditure. "We are not panic selling the land. We have about 26,000 acres in andhra pradesh and tamil Nadu. These lands are of different categories," he said.