Why cement price hikes are hard to come by in East India
New Delhi, March 15 -- Cement prices across most of India increased in February, but East India was an exception. A dealer channel check by Kotak Institutional Equities Ltd showed cement prices in this region, on the contrary, declined by Rs.5 per bag to Rs.326. This came at a time when average prices in the rest of India increased by Rs.17 per bag to Rs.334. Statewise, checks showed that cement prices fell by Rs.5-15 per bag in Bihar and West Bengal, while in Odisha they were flat....
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