Economy & Market
Cement price highest in AP's Rayalaseema area: TDP
Eleven cement factories in Rayalaseema region, which have accounted for 50 per cent of the cement production in the State, are selling cement at Rs 350 a bag in Rayalaseema, which is higher than what it is in any other State, Telugu Desam Party has stated.
TDP's deputy leader in Legislative Assembly, Gali Muddukrishnama Naidu, alleged last week that the State government was doing nothing to bring down the cement prices in the State.
Bharti Cements, belonging to YSR Congress Party president and Kadapa MP YS Jaganmohan Reddy, was selling cement at a price higher than any other company, Naidu alleged. Cement companies formed a syndicate in YSR's rule only, he alleged.
Tamil Nadu Chief Minister J Jayalalithaa
ensured reduction in cement price by threatening to withdraw subsidies and concessions to cement companies,
AP Chief Minister Kiran Kumar Reddy
remained indifferent to the demand, Muddukrishnama Naidu alleged.