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Gurgaon News - 2004

Cement prices up by 15 pc in NCR

NEW DELHI: Cement prices witnessed 14.78 per cent rise last month in and around the capital indicating a pick up in construction activities in the pre-monsoon period.

The cement price was at Rs 130-132 per bag in May 2004 as against Rs 114-115 in the year-ago period, sources said.

Procurement price from the railway yard at Ghaziabad stood at Rs 130 for Shree Cement, Rs 134 for Birla Uttam and ACC at Rs 132 last month.

The retail price, however, stood at Rs 150-152 as against the wholesale price of Rs 143. The freight component to retail price was at Rs 5-6 per bag.

Freight and sales taxes are the main reason for the difference between retail and wholesale prices.

Cement stocks come to Ghaziabad from factories located in Jammu and Kashmir, Rajasthan and Madhya Pradesh and are subsequently sent to Faridabad, Noida, Delhi and Gurgaon.

A 2.5 per cent entry charge is associated for delivering the stocks from the yard to Faridabad, Delhi and Gurgaon.

The price band for steel stood at Rs 23,000-24,000 last month against Rs 18,000-18,500 a year-ago month, a rise of 25 per cent. - PTI