SICMA to make cement available at a reasonable price
In collaboration with the Tamil Nadu government, SCIMA aims to implement concessionary cement prices for lower income homebuilders.
South Indian Cement Manufacturers’ Association (SICMA) has announced that based on the request made by the Ministry of Industries, it has ensured the public that during the pandemic, the company will make sure that cement is available at a reasonable price. The association and government aims to keep cement available to all.
Currently, the domestic cement industry is undergoing difficult times due to the second Covid-19 wave, working only at 30-40% capacity utilisation. The second wave of Covid-19 has severely affected the domestic cement generation. The cement firms have undertaken price hikes by 5% in April 2021. This hike is driven due to the rise in the input costs, primarily power and fuel costs and freight expenses over the last few months.