Cement cos to reduce rates by Rs 3-7.5/bag
CEMENT companies agreed on Wednesday to reduce prices by Rs 3-7.5 per 50 kg bag with immediate effect in most states. The reduction will be on the price prevailing on April 1, 2008. The move comes close on the heels of price cuts announced by the steel industry. The government, on its part, has promised to look at the issue of abatement of excise duty on cement.