Construction Infrastructure
Cement prices in August fell by 3% to Rs 328 per 50 kg
In August 2021, the all India average cement price fell by nearly 3% to Rs 328 per 50 kg from the previous month led by a steep 6% drop in the prices in the eastern region.
Prices fell by 1-3% in the remaining regions. Intense competition and the monsoon were key reasons for weak price trend. In the eastern region, increased capacity of existing big players, rising price of sand, and weak demand from the state governments led to the steepest fall in prices in August. It is estimated that between FY22 and FY23, 44% of the incremental capacity of India’s cement industry will be in the eastern region. This shows the rising competitive intensity in the region.
Analysts point out that demand has been fairly stable in August. They expect a year-on-year double digit growth in volume for well-placed cement companies for the September quarter.
News Source : EWNS
Construction Infrastructure
The Adani Enterprises unit has received a letter of approval for an NH project in Maharashtra
Adani Road Transport Ltd (ARTL), a wholly owned subsidiary of Adani Enterprises, has received LoA for a project involving six laning of Kagal-Satara section of NH-48 (old NH4) in Maharashtra. The project will be executed under the Bharatmala Pariyojana at ₹2,008.47 crores. The construction period for the 67-km long road project is expected to be 2 years from the date of appointment and the concession period will be 18 years.
With this project award, Adani’s road portfolio will have total 14 projects with more than 5,000 lane km with asset value exceeding ₹41,000 crore spread across India.
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