Cement prices up 40% in a

month
Prepared by: Roma Zala
Source: Times of India
Date: 21-10-10
 News in detail
• Cement price are being increase from Rs 165 for a
50kg bags in the first week of September.
• Current price of cement for 50kg is Rs285 which is
increase up to 40% from last month.
• It has hit house building budgets as cement
constitutes 25% of the overall cost.
• Some builders have argued that cement
manufacturers have cartelized and have
deliberately cut production in order to raise price.
 Cont
• So builders have suggested to have
Government regulatory bodies to curb it.
 Analysis
• As there is no control on Manufacturer
regarding price, resulting in increasing in price
of real estate.
• On individual burden will increase, as many
small project which are being delayed due to
hike in the price.
• As also seen in BSC (Bombay stock
exchange)that their is continuous decrease in
share price of cement industries.