Tuesday, January 30, 2001
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Birlas hint at cement price review 

 
The Adtiya Vikram Birla group is likely to review its cement pricing policy in the wake of the earthquake that hit Gujarat, chairman Kumar Mangalam Birla has said.

``Demand for cement is likely to grow for construction work in the aftermath of the quake. We will consider a price review. The initiative has to come from associations like the CMA,'' Mr Birla told reporters at the launch of the group's life insurance venture here.

The group's manufacturing units were intact and people working with the company in Gujarat were safe, he said, adding there was partial damage to a storage facility at a cement plant. Asked if the group would raise production at its units to meet the demand, he said ``We will not change policy and the plants are already working close to their capacity''. Mr Birla also added that the Hindalco board has taken a decision to bid for Balco. ``We will be keen to take a stake in Nalco when it is possible,'' he said. Meanwhile, Gujarat Ambuja Cement general manager Jayesh Doshi said, ``It is too early to comment on any rise in demand''.

Copyright © 2001 Indian Express Newspapers (Bombay) Ltd.

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