Today’s Price List for All Cement

The cost of raw materials, such as steel and cement, has been increasing for Indian real estate owing to a number of national and international issues. The sector is seen to be rebounding, but the price increase—particularly for cement—has not been able to keep up. However, what is the anticipated trajectory of cement prices in India for the next fiscal year? 99acres makes an analysis effort.

The cheap and mid-income real estate markets have been severely impacted by the rising cost of cement in India. Despite varying expenses, the trend has generally been upward. Cement production businesses are already attempting to raise prices in response to flat demand nationwide, despite the fact that inflationary pressures played a major role in the cumulative increase in cement costs in India during the epidemic lockdowns.

After climbing steadily over the previous three to four months, the prices saw their first fall in December 2022, of around two percent. Continue reading to learn about the most recent developments in the cement sector.

India’s 2023 cement pricing list, broken down by bag

The most popular form of cement used in real estate activities is called ordinary Portland cement (OPC). This cement is available in three grades on the Indian market: Grade 33 (IS:269), Grade 43 (IS:8112), and Grade 53 (IS:12269).

In Grade 33, M20 Grade concrete is utilized, which is necessary for plastering. Grade 43 is needed for plastering, flooring, and precast. Higher grade concrete, known as grade 53, is used in the construction of roadways, multistory structures, and bridges.

The cost list for a Grade 42 OPC in India is shown below.

OPC 53 Grade Cement Price List Today is given in the table

OPC 43 Grade Cement Price List Today is given in the table

33-grade OPC cement price list is given in the table below

43 Grade PPC Cement Rate November 2023

All Cement Price List Today 2023

Cement Price per bag in India, All cement prices listed today in up

India’s Most Popular Cement

We have employed twenty-three different kinds of cement in various applications. However, we have shared two kinds of cement. it goes like this.

Portland Cement Ordinary (OPC)
Pozzolana Cement (Portland)

Two varieties of cement exist. These two varieties are often used in cement building.

Portland Cement Ordinary (OPC)

One kind of cement that is often utilized is OPC. In building, this cement is often used. The most often used option is this cement.

The following are some benefits of utilizing OPC cement.

• Compared to a private limited company, OPC has less compliance-related obligations and is granted certain exemptions.
• Although it is less resistant to chemical assaults, it is very resistant to shrinkage and cracking.
• Since OPC sets up more quickly than PPC, it is recommended for applications where early prop removal is required.
• OPC has a shorter curing time and lower curing costs than PPC. It is thus advised that curing be prohibitively expensive.
• OPC 53 grade cement is now replacing the former grades of OPC 43 and 33 cement, which were utilized in residential building. The greatest cement for concrete is this OPC 53-grade cement.

PPC, or Portland Pozzolana Cement

The usage of this cement in masonry projects is common. Compared to OPC cement, this cement costs less. This cement has a strength comparable to that of OPC 53 grade cement.

The following are some benefits of PPC use:

• It costs less than the OPC.
• It makes things more workable.
• Compared to OPC, less heat is generated during hydration.
• In order to further strengthen the concrete construction, it also forbids microcracks in the structure.
• The structure becomes impenetrable to water when the soluble calcium hydroxide is transformed into insoluble cemented materials.
• Calcium hydroxide is not produced to the same extent as OPC. The concrete construction is far more durable and strong overall because of the low amount of calcium hydroxide.
• Extended concrete setting times provide excellent concrete or cement mortar finishing for masons. Better concrete finishing is facilitated by the homogeneity of the concrete mix.
• When deciding between OPC and PPC, one consideration is the number of days you want to have the formwork removed. PPC concrete mixtures set up more slowly than OPC mixes. Decide appropriately, then.

PPC Cement Price List Today

November 2023: 53 Grade PPC Cement Price

The table provides the November 2023 cement pricing list for all 53-grade and PPC 53-grade cement.

November 2023 43 Grade PPC Cement Rate

The table provides the PPC 43 Grade Cement Price List for November 2023, along with the current cement price list for 43 grade.

Cost Per Bag of Ultratech Cement

• In India, a 50 kilogram bag of Ultratch cement costs Rs 450.

November 2023: Punjab’s Complete Cement Price List

• Jk Minar Gold Hd. ₹ 435 / Bag
• Bangur Bungur Cement. ₹ 465 / Bag
• Acc Cement. ₹ 470 / Bag
• Jk Super Cement. ₹ 420 / Bag
• Ultra Tech Cement. ₹ 495 / Bag

India’s cement price increase: The factors influencing cement costs

The cost of cement was around Rs 200 for a 50 kg bag before to the epidemic, but it is now between Rs 300 and Rs 400 for the same amount. The situation between Russia and Ukraine, the scarcity of coal, and the depreciating value of the rupee are the three main causes of the rising costs.

The cost of cement was around Rs 200 for a 50 kg bag before to the epidemic, but it is now over Rs 350 for the same amount. The situation between Russia and Ukraine, the scarcity of coal, and the depreciating value of the rupee are the three main causes of the rising costs.

Cement manufacturers are now compelled to purchase pet coke—a more costly but effective coal substitute—from Venezuela due to the Russia-Ukraine issue. Pet coke is being imported in large quantities by Indian businesses from Venezuela in order to power factories.

One of the main causes of the sharp rise in cement prices in India is the country’s acute coal scarcity. About 25 tons of coal are needed to make 100 tons of cement, which accounts for 20% of the cement’s cost. Consequently, the price of cement has been directly influenced by the costly import of coal or pet coke.
In 2022, the value of the Indian rupee fell by as much as five percent in relation to the US dollar. As a result, cement producers find it difficult to afford imports from all over the globe.

It’s interesting to note that even though these factors have raised prices, cement producers’ profitability per ton has not increased.

India’s cement price: Effect on the Economy
The Year on Year (YoY) assessment shows a progressive growth in cement usage in India. According to Statista, there was a roughly 30-million-metric-ton increase in cement usage in FY 2022 as compared to FY 2021. Furthermore, a rise in cement demand from 328 million metric tons to 379 million metric tons may be seen when comparing the pre-COVID period to the present demand. The rising cost of raw materials is becoming a barrier to maintaining a balance between supply and demand for real estate, as the demand for real estate grows.

Right now, the construction sector is in a special place. Despite a rise in volumes over the last three quarters, industry leaders are only using 65–75 percent of their capacity. This has played a significant role in the firms’ subpar financial performance over the last two to three quarters.

In addition to delaying projects, the higher cost of cement in India has raised project building costs overall by around 30 to 40 percent.

India’s Cement Price: Effect on Developers

The sharp increase in raw material costs has prompted the Confederation of Real Estate Developers’ Associations of India (CREDAI) to alert the government to the possibility of a development halt. A move like that may put further strain on the timelines, which are already behind schedule.

Developers have been prompted by the price spike to hold off on buying raw materials until the market cools down, according to CREDAI. Delivery of projects that are still under development may thus be delayed. It is difficult for builders to complete projects within the allocated budgets and timelines. A substantial rise in the cost of steel and cement has resulted in a roughly thirty-five percent increase in building costs.

In an attempt to offset the problem, developers have started shifting the cost to final consumers, which has an effect on the market for reasonably priced and mid-range real estate.

India’s Cement Price: Effect on Real Estate

The top eight Indian cities have seen a 3–7% rise in property prices, according to reports released by Australia’s REA Group. The cost of real estate has increased due to the rise in raw material costs. The following information is recommended by the research on India’s premium residential markets:

• In 2021, the real estate markets in Hyderabad and Ahmedabad had the most increases, at 7% apiece.
• In Bangalore, house prices increased by 6%, in Mumbai, by 4%, and in Pune, by 3%.
• Prices for real estate in Delhi NCR, Kolkata, and Chennai increased by 5%.

India’s Cement Price: Effect on Infrastructure

Government-funded infrastructure projects, such roads and trains, will be impacted by the dramatic increase in the price of raw materials, particularly cement. The real estate industry will also be impacted.

According to representatives from the Ministries of Housing and Urban Affairs, Road Transport and Highways, and Contractors, project prices are being revised after price increases.

Experts estimate that the cost of new contracts may increase by 15% to 20%. The war between Russia and Ukraine in April 2022 caused retail inflation to reach an eight-year high of 7.79 percent, which increased input prices by 25–30 percent.

Real estate agents are hesitant to take on new clients. There is a lot of pressure on housing and infrastructure initiatives since most are operating on tight margins.

India’s cement prices: government efforts to ease the burden

The Central Government announced a number of price reductions on a range of raw materials in an effort to lower the overall cost of building. The effect of the Russia-Ukraine conflict is anticipated to be lessened by duty reductions intended to lower the prices of steel, iron, plastic, and coal.

It is anticipated that the burden of rising cement prices would be lessened by a decrease in customs duties on raw materials and intermediates as well as a significant drop in excise taxes on gasoline and diesel, which will be slashed by Rs. 8 and Rs. 6, respectively. The Center’s efforts to lower the cost of steel and cement have been applauded by trade associations including NAREDCO and CREDAI. To solve the issue, further steps in that direction are necessary.

Indian cement prices: most recent information

2023 October:

Cement demand is anticipated to rise by 10% to 12% in fiscal 2024. According to Crisil Ratings, India’s cement consumption is expected to rise by 10 to 12 percent annually and reach 440 million metric tonnes by the end of the fiscal year 2024. Strong uptake by the infrastructure sector is expected to fuel the increase in demand.

In addition, the producers’ operating profit is anticipated to increase by around Rs 200 per tonne due to the stability of cement prices as well as declining fuel and electricity costs. In the previous fiscal year, it already saw a multi-year low of around Rs 770 per tonne. According to the study, this increase in demand and marginal recovery will encourage cash accrual and preserve credit profile stability.

The demand will be driven by government spending on infrastructure development, which accounts for 30% of cement sales annually. The Union Budget’s allotment to the main infrastructure sectors saw an increase of 38% in the current fiscal year over last, with the majority of real expenditure being font-loaded. Spending reached a healthy 40% of the fiscal year 2023 budget by July 2023.

Strong impetus in the implementation of both urban and rural real estate is expected to fuel consistent growth in the real estate market, which accounts for around 55% of cement demand. Demand will be aided by the government’s ongoing emphasis on affordable housing under the Pradhan Mantri Awas Yojana (Prayan Mantri Awas Yojana).

Cement manufacturers will raise prices in September 2023 in response to growing expenses.

Due to rising input costs, cement makers have raised prices by as much as 12 to 13 percent in the last month, despite the fact that post-monsoon demand is still expected to rise. The manufacturers saw it as a brave move since cement businesses have been hesitant to set pricing for the last several months.

The average cost of cement in India has risen to Rs 382 for a 50-kg bag due to this significant increase. The eastern belt has had the highest price rise, with prices rising from Rs 326 to Rs 400. Previous research has shown that the September quarter’s cement demand is historically sluggish due to fewer building projects taking place during the monsoon season. When low demand affects sales, cement businesses often lower their prices.

Therefore, despite a slow volume offtake, this audacious move to raise the price is being seen as exceptional. Some experts are explaining this by suggesting that a higher base price may be created ahead of time in order to capitalise on the demand rebound that occurs after the monsoon season ends. Furthermore, a price increase has occurred at the same time as the cost of raw materials has begun to rise once again.

Prices for cement might drop shortly (June 2023)

Cement producers in India have been comforted, according to Care Edge Ratings, by the decrease in the costs of coal and pet coke, particularly in Q4FY23. The progressive price rises have stopped due to the decrease in the cost of these commodities.

While pet coke and coal prices continued to rise in the first three quarters of Fiscal Year 2022–2023, Ebitda (earnings before interest, taxes, depreciation, and amortisation) per tonne showed signs of improvement in the fourth quarter as a result of lower prices for these two key cost components.

According to media reports, this fiscal year’s cement prices in India are predicted to decrease by one to three percent. Since early 2023, there has been a discernible shift in pricing due to declining energy prices. The cost of a bag in the fourth quarter of the previous fiscal year averaged Rs 388 due to a 1% decrease in prices. Given the decline in the costs of the two main components, coal and pet coke, more price improvements are anticipated.

Cement demand increases (April 2023)

According to India Ratings and Research, the government’s ongoing expenditure on infrastructure would cause the demand for cement to increase by up to 9% in the fiscal year 2024. Amidst several ongoing capital expenditure projects, cement companies are anticipated to have a rebound in earnings due to the deceleration of energy prices. Based on current projections, the industry is expected to increase by 8–9% in FY 2024, compared to a projected growth of 9% in 2023. This translates into a five-year compound annual growth rate of 4.5 percent.

Due to initiatives aimed at expanding the industry, the credit rating agency predicts that the utilisation of the cement production capacity will rise from 65 percent in FY 2023 to less than 70 percent in FY 2024. Additionally, it is anticipated that 75 percent of the 150-metric-ton planned expansion will be completed in 2023–2025. Nonetheless, the clinker utilisation rate is anticipated to stay high since the bulk of the growth is planned for grinding machines. It will exceed the cement utilisation rate by around 800-1000 basis points.

The growth of the Indian cement market is stagnant (February 2023)

Industry sources state that the final quarter of a financial year usually sees a significant increase in sales volume in the Indian cement market (FY). Nevertheless, the rise in January and March has not been durable after a small upsurge in February 2023. Through price reductions, the planned price increase was undone. In February 2023, the average monthly price of retail cement in the country rose by Rs 2 per 50-kg bag. For cement producers, the profitability per tonne is anticipated to reach Rs 250 for the quarter.

The largest price increases are probably seen in Central and North India, where this profit is most likely based on volume. Despite efforts, the price increase in South India may not last. Nonetheless, there is optimism that the increase in cement prices may help manufacturers, given that the demand for cement increased by more than 10% in the first ten months of the current FY compared to the same time in the previous FY. The rapid expansion of infrastructure, strong real estate demand, and rising affordability are the reasons for this.

Furthermore, renowned cement producer India Cements has declared an investment of Rs 1,600 crore for the restoration of the business’s ageing factories. It intends to refurbish its two grinding facilities in Tamil Nadu and Maharashtra, as well as its integrated cement plants in Andhra Pradesh, Telangana, Rajasthan, and Maharashtra. The 26,000-acre land bank owned by the firm will be liquidated in 15–18 months to finish the project.

The business has made the choice to equal other industry leaders’ production efficiency. This is due to the Ukraine-Russia issue, even with the high cost of cement. The firm has indicated a rise in the need for cement in the country’s northern, eastern, and western regions, citing the significant expansion in infrastructure in these areas.

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