Better profits for North cement makers

01 Dec 2016 Editorial Team

According to the rating agency ICRA, an uptick in demand in north India followed by strong pricing discipline, resulted in a rebound in cement prices to Rs 305 to Rs 345 per cent bag in the first-half of 2016-17 from Rs 225 to Rs 240 a bag in January 2016. During April-September 2016-17, cement prices in the North were higher by around Rs 60 to Rs 65 per bag, compared to the same period in 2015-16. ICRA expects most North Indian cement manufacturers to report better profit for the first-half of 2016-17 vis-a-vis the same period of 2015-16.

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