Cement Rate Hike: Monsoon season is ending in the country and monsoon clouds have gone away from almost all the areas. Its direct impact is now being seen on construction activities and construction work is gaining momentum again in the country. In such a situation, a good increase is being seen in the demand for cement and with this, the prices of cement have also increased.
How much have cement prices increased – building houses and shops will be expensive
This time the price of cement has increased by Rs 10 to Rs 30 per bag. This increase has happened on 50 kg cement bag and with this the cost of building a house seems to be increasing. Cement is one of the biggest components for building a house. The situation of increase in the cost of building a house due to increase in the price of cement is seen every year.
Cement becomes expensive in 3 states of the country from today
An increase in the price of cement has already been seen in Himachal Pradesh. Apart from this, today the increased prices of cement have been implemented in 3 big states of the country.
Cement prices did not increase earlier this year
This year, Lok Sabha elections were held in the country and due to the implementation of the code of conduct, construction activities in the country remained closed for a few months. Due to which construction activities could not be carried out rapidly in the country and there was a decline in the demand for cement. This had an impact on cement rates and the general public did not feel the shock of the increase in cement prices in the first half of the year.
Almost all cement stocks are in decline today
Today, all the cement companies also got hit by the fall in the stock market and Ambuja Cement had the biggest fall of 2.18 percent. There has been a decline of 2.07 percent in ACC. Apart from this, the impact of the decline in the stock market is being seen on many cement companies and there are only 4 cement companies which have not gone bankrupt today. Their names are India Cements, JK Lakshmi Cements, Sagar Cements and Udaipur Cements.
read this also
Record breaking prices of gold and silver amid Iran-Israel conflict, is there still time to buy – know from experts
