Cement prices hiked by Rs. 70/bag in AP, Telangana

“The cement manufacturers have increased prices all of a sudden leading to increase in price per bag from INR 250 to about INR 320," a leading cement dealer told the financial newspaper.

Cement prices have been hiked by INR 70 per bag in Andhra Pradesh and Telangana in the last couple of weeks, according to a business daily.

“The cement manufacturers have increased prices all of a sudden leading to increase in price per bag from INR 250 to about INR 320," a leading cement dealer told the financial newspaper.

The recently launched Government housing scheme for the poor in Telanagana, building regularisation scheme announced along with expectations on infrastructure development in Andhra Pradesh in the proposed new capital and other projects will be key drivers of cement demand in the near future, Sagar Cements ED S Sreekanth Reddy has been quoted as saying.

Capacity utilisation levels of the cement companies remain at about 55 per cent, reports the daily.

South India accounts for 36 per cent of the total cement demand in the country.