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videos | IST

Expect cement prices to go up by Rs 10-20 per bag by December, says HeidelbergCement

HeidelbergCement India, the Indian arm of the German multinational building materials company, is expecting the cement prices to increase by about Rs 20 per bag by the end of this year.
Jamshed Naval Cooper, managing director and CEO of the company, said the demand for cement is good due to seasonally weak monsoon this year.
Talking about price hike, he said, “As demand pulls in, we are cautious about it, we will take price increases.”
According to him, capacity utilisation level is at 80 percent for clinker and 90 percent for cement.