Kerala state government to increase stake in state cement industry to 25%

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India: The Kerala state government aims to establish 25% state ownership of the cement industry locally. The New Indian Express newspaper has reported that the policy aims to control rising cement prices. The government said that state-owned Malabar Cements and Travancore Cements will increase their cement production. The former has already lowered its cement prices, according to the administration.

Last modified on 07 July 2021

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URL: https://globalcement.com/news/item/12652-kerala-state-government-to-increase-stake-in-state-cement-industry-to-25

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