Hike in diesel price make cement costlier
The despatch figures released by the companies testify that the demand remained weak.UltraTech's despatches declined by 4.5 per cent on a year-on-year basis and Shree Cement's adjusted dispatches declined by 15 per cent. Issues of ban in sand mining and closure of brick kilns also depressed construction activities affecting cement off take. The companies have passed on the increase in diesel prices and hikes in railway freight to the consumers which have resulted in the price hikes. Northern region saw a slight increase of 5 per cent as supplies increased in few cities as a result of fresh despatches form Heidelberg cement.