Business Standard

UltraTech to ACC, cement stocks strengthen on price hikes of Rs 5-15/bag

Cement demand remains firm amid a pick-up in construction and infra activities

A Kolkata-registered company, SMPL owns limestone reserves, a key cement input, in Madhya Pradesh and is planning to come up with a cement unit there
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Viveat Susan Pinto Mumbai
Top cement companies, including UltraTech Cement, Ambuja Cements, ACC, Dalmia Bharat, Shree Cement, and JK Cement, have hiked prices by 1-4 per cent or Rs 5-15 per 50-kg bag across regions, cement dealers and analysts told Business Standard. 

The average price of a 50-kg cement bag was Rs 380 before the price hike, sector experts said, implying that the cost per bag is now Rs 385-395.

The latest price hike has come after a gap of 3-4 months, prompting shares of some of these firms to rise between 1 per cent and 3 per cent on the BSE on Friday. 

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First Published: Feb 17 2023 | 8:23 PM IST

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