Real estate developers of Telangana protest against Cement manufacturers

Real estate developers of Telangana and Andhra Pradesh have decided not to purchase cement for a week from july 5th in protest against steep hike in the price by the Cement manufacturers.

The cement manufacturers were stated to have hiked the price of a 50 kg bag by Rs  30 in Kerala, Rs 40-50 in Karnataka, Rs  60-70 in Tamil Nadu and around Rs  100 in AP and Telangana

Andhra and telangana together account for purchase of 20,000 tonne cement a day. The cement manufacturers were stated to have hiked the price of a 50 kg bag by Rs 30 in Kerala, Rs 40-50 in Karnataka, Rs 60-70 in Tamil Nadu and around Rs 100 in AP and Telangana.

Addressing a press conference here on Wednesday, Credai national president, C Shekar Reddy, said the confederation would approach the Competition Commission of India against “cartelisation” by cement manufacturers.

He alleged the cement manufacturers were stopping dispatch of cement from their godowns and creating “artificial shortage” of the crucial building material “which is akin to black marketing”.

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