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FINANCIAL CHRONICLE™ » CORPORATE CHRONICLE™ » Indian builders plan to import cement from Sri Lanka

Indian builders plan to import cement from Sri Lanka

3 posters

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sureshot

sureshot
Vice President - Equity Analytics
Vice President - Equity Analytics
WATCH  LCEM.N .      FUTURE GOOD.


In a bid to put an end to cartelisation by cement manufacturing companies in India, the builders’ Joint Action Committee, has decided to import cement from Sri Lanka, China and Bangladesh in protest against the hike of cement prices by the manufacturers in India, the NIE reported.
Importing cement from the eastern countries will help in reducing the per bag price by about `30, which will eventually benefit the consumers as construction prices will come down, the builders argued.
Addressing a press conference, JAC member Ch Sudhakar said, “We have decided to import cement as the manufacturing firms have abnormally hiked the prices by over 60 per cent without any reason. Cartelisation without a reason has become a regular phenomenon and hence we have decided to find an alternative for it,” he added.
It may be recalled that Indian Chief Minister N Chandrababu Naidu had directed cabinet ministers to form a sub-committee and have a dialogue with cement manufacturing firms on Monday.
-NIE
-Agencies


Indian builders plan to import cement from Sri Lanka  Lg


http://www.adaderana.lk/news/40311/indian-builders-plan-to-import-cement-from-sri-lanka

nimantha80


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
So can LCEM hit 7??

kovida

kovida
Manager - Equity Analytics
Manager - Equity Analytics
This would be benifited by Cement manufactures like TOKOYO,HOLCIM. LCEM is an importer and would not have a much  effct.

sureshot

sureshot
Vice President - Equity Analytics
Vice President - Equity Analytics
holcim,tokyo cement price high to export market.
LCEM imports cement bulk from Pakistan and repack in Srilanka.

India will  not like to import anything  directly from Pakistan.
 
LCEM price is less than other cement manufactured in Srilanka.

There is a opportunity for starting the factory in near future as per the new Chairman.

Just watch...Good future for LCEM

wish them all the very best......

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