E - PAPER

CURRENT MONTH

LAST MONTH

VIEW ALL
  • HOME
  • NEWS ROOM
  • COVER STORY
  • INTERVIEWS
  • DRAWING BOARD
  • PROJECT WATCH
  • SPOTLIGHT
  • BUILDING BLOCKS
  • BRAND SYNC
  • VIDEOS
  • HAPPENINGS
  • E-MAGAZINE
  • EVENTS
search
  1. Home
  2. ALLIED

Cement Prices May Rise Due to New State Mineral Tax

Cement Prices May Rise Due to New State Mineral Tax

BY Realty+
Published - Monday, 17 Mar, 2025
Cement Prices May Rise Due to New State Mineral Tax

Cement prices across various states are likely to increase as state governments may impose new mineral taxes after a Supreme Court judgement, according to JM Financial report.

According to the Supreme Court ruling in July 2024, which allowed states to levy taxes on mineral rights and mineral-bearing lands and royalties, Tamil Nadu introduced the Tamil Nadu Mineral Bearing Land Tax Act, 2024. Under this law, an additional Rs 160 per tonne tax on limestone mining will take effect from 20th February 2025. With other mineral-rich states, including Karnataka, considering similar measures, cement companies are expected to raise prices to offset rising costs.

The new tax is expected to impact cement manufacturers operating in Tamil Nadu significantly. As limestone is a key raw material in cement production, the additional tax will increase the cost of manufacturing, forcing companies to consider price hikes to maintain profitability.

To offset the cost impact, cement prices in Tamil Nadu are expected to rise by Rs 8-10 per bag.

Over the past few years, cement prices in the state have been under pressure due to intense market competition. However, with this new tax burden, companies may have no choice but to pass on the additional cost to consumers through price increases. Industry experts believe that Tamil Nadu's move may set a precedent for other mineral-rich states to introduce similar taxes.

Cement companies are expected to adopt a gradual approach to price hikes to avoid sudden shocks in the market. However, the industry's pricing strategy will be a key factor to watch shortly with rising input costs.

RELATED STORY VIEW MORE

Aptus Well-Positioned To Achieve Rs. 25,000 Crore AUM By FY28
ABS Issued In-Principal Approval To SBM Offshore For FPSO Unit
Global Order, Local Ripples: Welspun Corp Secures Rs 1,950 Cr Order

TOP STORY VIEW MORE

Muscat Grand Mall Announces “Little India" Cultural & Retail Hub

Muscat Grand Mall has announced the launch of “Little India”, that will serve as a strategic gateway for Indian brands entering the GCC market.

07 May, 2025

What Are The Major Changes In Labor Compliance In 2025?

07 May, 2025

Zara's Largest Store Worldwide in Antwerp's Meir Corner

07 May, 2025

NEWS LETTER

Subscribe for our news letter


E - PAPER


  • CURRENT MONTH

  • LAST MONTH

Subscribe To Realty+ online




Get connected with us on social networks!
ABOUT REALTY+

Started in 2004, Realty+, an exchange4media group publication is one of the most respected real estate magazines in India with offices in Delhi, Mumbai and Bengaluru.

Useful links

HOME

NEWS ROOM

COVER STORY

INTERVIEWS

DRAWING BOARD

PROJECT WATCH

SPOTLIGHT

BUILDING BLOCKS

BRAND SYNC

VIDEOS

HAPPENINGS

E-MAGAZINE

EVENTS

OTHER LINKS

TERMS AND CONDITIONS

PRIVACY-POLICY

COOKIE-POLICY

GDPR-COMPLIANCE

SITE MAP

REFUND POLICY

Contact

Mediasset Holdings 3'rd Floor, D-40, Sector-2, Noida (Uttar Pradesh), Pincode - 201301

tripti@exchange4media.com
realtyplus@exchange4media.com

+91 98200 10226


Copyright © 2024 Mediasset Holdings.
Rental Mobil bandung,Sewa Mobil Bandung, Rental bandung, Sewa Mobil, Jual Mesin Antrian, Harga Mesin Antrian, Mesin Antrian Murah, Jual KIOSK,Mesin Antri, Berita Terkini, Info Bray,Info Tempat Wisata,Portal Berita,Jasa Website