Cost cutting is over, we are raising prices in all markets: HM Bangur, Shree Cement
Cost cutting is over, we are raising prices in all markets: HM Bangur, Shree Cement. People talk only when the price rises, when it falls,
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Cement prices in the country are likely to fall by Rs 10 from December-end onwards on account of deteriorating demand, say industry players. Meanwhile, some dealers in Mumbai have started offering a discount of Rs 2-3 per bag due to weak demand. A 50-kg bag of cement at present costs between Rs 244 to Rs 255 in Mumbai.
Shree Cement plans a capital expenditure of INR35,000m (US$519.1m) in the current financial year including INR20,000m on the completion of the deal to acquire UAE-based United Cement Co PSC. The management of Shree Cement, led by managing director HM Bangur, has historically avoided taking over existing capacity because it is of the view that.
Cost cutting is over, we are raising prices in all markets: HM Bangur, Shree Cement People talk only when the price rises, when it falls, everybody is quiet, says Bangur. ET Now /
Gharpure notes that at a time when other cement makers baulked at the high initial cost and potential difficulties of waste heat recovery, Bangur enthusiastically invested Rs 450 crore to set up a 46 MW green unit that now meets a third of the company’s power needs, and costs just 50 paise a unit-less than one-fifth the cost of conventional coal-fired power.
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The benchmark S&P/NZX 50 index ended down 0.2 per cent or 20.21 points to 10,027.61.
Shree Cement growth in 2018 will be the same as in 2017 and there will. Cost cutting is over, we are raising prices in all markets: HM Bangur,
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