The Charges
- Cement prices have gone up substantially due to cartelisation
- Prices have risen by a much higher margin, compared to the hike in costs
- Cement firms have deliberately slowed down production in a bid to create a supply-demand mismatch
- Pricing and supply-related decisions have been jointly taken by firms during their CMA meetings
The Counters
- Such allegations are baseless and there's no evidence to prove it
- Demand from infrastructure and housing sectors has hiked prices
- Monthly capacity utilisation was a high 94% during 2006-07; in March 2007 it was over 100%
- No such decisions were ever taken; industry is hiking capacities to meet the additional demand
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Outlook
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