UltraTech, ACC hike prices in Mumbai, Delhi
With the pick up in rural demand for building material, cement prices have surged in Delhi and Mumbai by Rs 25-30 per bag. All the major brands including UltraTech and Ambuja Cements raised their prices last week. While in Delhi and Mumbai, tier-1 brands UltraTech, ACC and Ambuja are selling their 50-kg cement bag at Rs 345-350, other brands like Shree Cement, JK Lakshmi are selling the same atRs 310-315 in both the cities. Dealers based in the national capital cited the pick up in rural demand as the main reason, as this is the harvesting season. Besides demand, escalation in input costs has also led to spike in prices, according to marketing executives at cement companies. One of the dealers based in Mumbai said that the demand is quite robust not just in the commercial capital but all across the state of Maharashtra. According to the cement makers, April has always been a month when the prices are increased as it is the first month of the financial year and also a construction season.
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