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Cost cutting is over, we are raising prices in all markets: HM Bangur, Shree Cement

When the Bangurs of Shree Cement decided against selling their. This was in 2002, after the market had gone through a four-year. Shree Cement, their company, was hardly making any money.. The price seemed right and two sets of lawyers had vetted the.. We are proud of you Congratulations.

Cost cutting is over, we are raising prices in all markets: HM Bangur, Shree Cement. People talk only when the price rises, when it falls,

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Cost cutting is over, we are raising prices in all markets: HM Bangur, Shree Cement; Key market growth will be in the east and the north: HM Bangur, Shree Cement; Not a good quarter for us: HM Bangur, Shree Cement; 6-7 per cent growth of cement industry a reasonable expectation: HM Bangur, MD, Shree Cement

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Cement prices in the North have risen by Rs 5 per 50 kg bag already and another round of hike is expected soon. HM Bangur, managing director, Shree Cement, said, "We expect prices to increase by another Rs 10 in the northern belt; it hasn’t risen yet, it will all depend on the demand-supply situation.

Shree Cement is among India’s five largest cement manufacturers. Having quadrupled its output to 13.5 million tonnes (mt) over the last five years it is now the market leader in Northern India. The company is 65% promoter owned by a father – son partnership (BG Bangur and HM Bangur) from a Rajasthani business family well known during the.

Cement prices dipped by around Rs5 (for a 50-kg bag) following the cut in excise duty. But the price reductions were temporary. With demand rising, cement producers have started raising prices.

Shree enjoys the highest market shares in prime markets of Delhi, Haryana <br /> and Rajasthan. The Company pursues a multi-brand strategy. The three brands, viz. Shree <br /> Ultra Jung Rodhak Cement, Bangur Cement and Rockstrong <br />tuff cemento Cement, appeal to different customers and thus create a more diverse and broad customer base.

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