Cement to Cost More May Onwards
Cement companies have decided to hike prices of cement of all grades. The price hike is likely to come into effect from 1st May and could be around `20 per bag on all grades of cement. A bag of ‘A’ grade cement is likely to cost `400 from Friday. Similarly, prices of B, C and D grade cement would also increase by `20 per bag, an official of a cement company told media. Production of cement was stopped in all the cement companies. The government relaxed the lockdown for the commencement of operations, but it will take more time for scaling up production because of non-availability of required workforce, raw material, lack of transportation and other reasons. As companies have to pay full wages to all regular employees and also bear all the expenditure as usual despite low production, there is no other option but to increase the price.
Tags : ALLIED Cement Production Government 20 per bag May workforce price hike