Connect with us

Concrete

Real-estate developers go on strike over cement, steel price hike in Gujarat

Published

on

Shares

Work has been stalled at 20,000 construction sites across the state, hitting 20 lakh daily-wage labourers, said Arvind Patel, chairman of Gujarat Contractors Association. Real-estate developers and contractors in Gujarat joined the day-long nationwide strike to protest against the “exorbitant hike” in prices of cement and steel. Work has been stalled at 20,000 construction sites across the state, hitting 20 lakh daily-wage labourers, said Arvind Patel, chairman of Gujarat Contractors Association.

All major organisations associated with the real estate and construction sector, including Gujarat chapters of Builders” Association of India and Confederation of Real Estate Developers Association of India (CREDAI) have joined the nationwide strike.

There is an average 40 per cent hike in the prices of all key construction materials, mainly cement and steel, Patel said, adding that diesel and bitumen prices have also risen significantly. “The hike in prices will ultimately affect customers, who will have to shell out more money, as the construction costs will also shoot up,” he said.

The rise in cost of materials will adversely affect the nation”s growth trajectory, he said. “Steel and cement are some of the major construction materials used in all segments of the industry. Since contractors mostly work on fixed rate-fixed time basis, the frequent rise in prices will make it difficult for them to survive,” Patel said.

Meanwhile, CREDAI Gujarat president Ashish Patel said although there are five cement manufacturing plants in Gujarat, prices here are higher than in Bihar, which does not have a single plant.

“In Gujarat, the price of one cement bag is around Rs 300, while in Bihar it costs Rs 240. Such a high price increases the construction cost. This open loot must end. The government should form a regulatory body to govern steel and cement prices,” he said.

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Concrete

Cement industry to gain from new infrastructure spending

Published

on

By

Shares

As per a news report, Karan Adani, ACC Chair, has said that he expects the cement industry to benefit from the an anticipated US$2.2tn in new public infrastructure spending between 2025 and 2030. In a statement he said that ACC has crossed the 100Mt/yr cement capacity milestone in April 2025, propelling the company to get closer to its ambitious 140Mt/yr target by the 2028 financial year. The company’s capacity corresponds to 15 per cent of an all-India installed capacity of 686Mt/yr.

Image source:https://cementplantsupplier.com/cement-manufacturing/emerging-trends-in-cement-manufacturing-technology/

Continue Reading

Concrete

AI boom drives demand, says ACA

Published

on

By

Shares

The American Cement Association projects a nearly 1Mt annual increase in US cement demand over the next three years, driven by the surge in AI data centres. Consumption by data centres is expected to grow from 247,000 tonnes in 2025 to 860,000 tonnes by 2027. With over 5,400 AI data centres currently operating and numbers forecast to exceed 6,000 by 2027, the association cautions that regulatory hurdles and labour shortages may impact the industry’s ability to meet demand.

Image source:https://img-s-msn-com.akamaized.net/tenant/amp/entityid/AA1zOrih.img?w=2000&h=1362&m=4&q=79

Continue Reading

Concrete

GoldCrest Cement to build plant in India

Published

on

By

Shares

GoldCrest Cement will build a greenfield integrated plant with a 3.5Mt/yr clinker capacity and 4.5Mt/yr cement capacity. GoldCrest Cement appointed Humboldt Wedag India as engineering, procurement and construction contractor in March 2025 and targets completion by March 2027. It has signed a 40-year supply agreement with Gujarat Mineral Development Corporation for 150Mt of limestone from its upcoming Lakhpat Punrajpur mine in Gujarat.

Continue Reading

Trending News