CRISIL: Cement Prices to Dip 1-3% This Fiscal Despite Healthy Demand
June 21, 2023
June 21, 2023
MUMBAI, India, June 21 (TNSres) -- CRISIL, an S&P Global company, issued the following news release:
Cement prices are expected to slip 1-3% this fiscal, after clocking a 4% compound annual growth rate (CAGR) over the past four to a new all-time high of Rs 391 per 50 kg bag last fiscal.
The run-up was due to disruptions caused by Covid-19, followed by a sharp surge in input costs, especially thermal coal, further aggravated by the Russia-Ukraine war.
No . . .
Cement prices are expected to slip 1-3% this fiscal, after clocking a 4% compound annual growth rate (CAGR) over the past four to a new all-time high of Rs 391 per 50 kg bag last fiscal.
The run-up was due to disruptions caused by Covid-19, followed by a sharp surge in input costs, especially thermal coal, further aggravated by the Russia-Ukraine war.
No . . .