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Relief for cement cos, but demand stalls
Mint New Delhi
|September 05, 2025
The Goods and Services Tax (GST) Council has slashed the rate on cement from 28% to 18%, a move aimed at boosting construction activity.
"...because cement is so essential for the middle class when building homes, that is why the 28% has been reduced to 18%," finance minister Nirmala Sitharaman said late Wednesday while addressing the media after the GST Council meeting. The change will be effective from 22 September.
The decision, a long-pending demand of the industry and consumer groups, is expected to reduce the effective billing price of cement by nearly ₹30 per bag, according to a 24 August Yes Securities note.
The two largest cement makers, Aditya Birla Group's UltraTech Cement Ltd and Adani group's Ambuja Cements, closed 0.64% and 1.05% lower on the stock exchange, even as the benchmark Nifty closed almost unchanged.
Bu hikaye Mint New Delhi dergisinin September 05, 2025 baskısından alınmıştır.
Binlerce özenle seçilmiş premium hikayeye ve 9.000'den fazla dergi ve gazeteye erişmek için Magzter GOLD'a abone olun.
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