It is unfortunate that whenever cement prices go up, they forget that the rates of VAT have gone up, excise duty has gone up, railway freight has gone up by 28 per cent and all input costs, even freight has gone up because of increase in fuel prices, and salaries and wages are going up, nobody thinks about input cost increase, they only talk about output cost increase. Steel prices have gone up between Rs 22, and Rs 55, Even though growth in Andhra Pradesh is not up to the mark, we are able to substitute with other markets.
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There is a charge against the cement industry that it works as a cartel, that prices are manipulated. What do you have to say to that? With so many players, in Andhra Pradesh alone, there are 40 players each with different prices.
The price range is as high as Rs and with so many players it will be impossible to have any arrangement to manipulate the market or prices. It is unfortunate that whenever cement prices go up, they forget that the rates of VAT have gone up, excise duty has gone up, railway freight has gone up by 28 per cent and all input costs, even freight has gone up because of increase in fuel prices, and salaries and wages are going up, nobody thinks about input cost increase, they only talk about output cost increase.
At any poi nt of time, we buy steel for our projects. Steel prices have gone up between Rs 22, and Rs 55, When input costs are going up, what is the alternative we have. We have to increase prices. Merely because prices have increased, nobody can point a finger at us and say there is a cartel. First, we have to improve our capacity utilisation. Second, more control over distribution cost and third brand building. Since we have to enter the new markets, challenge is how to establish our brand against established players.
Madras Cements on Saturday said it has elevated Executive Director AdLift provides synergy between search marketing and display ads on the web.
VC firm Inventus Capital looks for a larger play with an India fund. There are early signs that the recent downtrend has come to an end. The Sensex and the Nifty staged a good recovery last week. So, tread with caution.
By decriminalising same-sex relationships and adultery, and allowing women of a certain age to visit the This week, we have a mixed bag, with topics ranging from the Oscars to etymology and detective fiction. Great price and the arrival time in Boston Social relevance of rape allegations against Cristiano Ronaldo goes beyond the brand he is.
How best should marketing be taught and learnt? From being marooned in water, Kerala has turned bone-dry in just a month. Here are some possible reasons. Could be due to weedicides destroying grass cover, and excess construction. A significant drop in groundwater table soon after the severe floods that ravaged several parts of Kerala in A political farce is being enacted in Assam with the final process of inclusion in the NRC starting today.
Fuel price control lowers confidence of investments in India, say BP chief. Hiranandani to acquire distressed assets, ties up land parcels. Excerpts from an interview to BusinessLine: What is the outlook for the industry?
In the last seven years, installed capacity in Andhra Pradesh has gone up by three times. Which means your cost of transportation will be huge… The challenge for the cement industry is going to be logistics. There is also the issue of wagon availability and railway infrastructure… These are problems that railways have to address.
How are companies like Madras Cements tackling the huge drop in the Andhra Pradesh market? Rio Tinto says driverless trucks now handle a quarter of all movements at iron ore operation in Western Australia. Amazon won patents for wireless wristbands that track the hand movements of warehouse workers.
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Logistics & Distribution. Job Description • Organize shipment, oversee and monitor drivers, vehicles, loads and journeys; • Create, manage and achieve the overall logistics and customer service department budgets; • Ensure that the company follows laws and regulations regarding transportation, including hazardous. Standard Transportation Mission Statement: In an ever increasing world of faceless communications, Standard Transportation is dedicated to the individual and personal attention for all of your company's freight shipping requirements. Logistics and Distribution TeL has its own warehouse and port at Bandar Lampung. The pulp is transported from mill to port using railways and its own designed wagons.