Builders go to CCI against cement companies

NEW DELHI: The fight between builders and cement manufacturers has reached the Competition Commission of India (CCI), the fairplay watchdog. The Confederation of Real Estate Developer's Associations of India (Credai) has filed a complaint with CCI against cement manufacturers, accusing them of unduly increasing the cost of cement. 

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In its submission, CREDAI has said the cost of raw material used in manufacturing the cement has come down from January 2015, but the cement companies have increased prices, instead of passing the benefit. 

Despite low demand, the prices of cement have jumped by 20-40 % in all major cities over the last few months."Despite reduction in the cost of raw material for cement production since January 2015, the cement manufacturers indulge in practices that control the prices of cement,'' Credai national president Getamber Anand said. 

Source - TOI

Won't Buy Cement From UltraTech, Lafarge: Industry Body

New Delhi: Real estate developers body CREDAI's NCR chapter has decided against buying cement from UltraTech and Lafarge, alleging that the firms are indulged in cartelisation and malpractices.

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"This decision has been taken by the apex realty body in order to help fair price determination of key raw materials required for the realty sector," the Confederation of Real Estate Developers Associations of India (CREDAI) said in a statement.

The announcement to stop the procurement of cement from these companies was made at the AGM on Friday.

"We have decided to boycott Ultratech and Lafarge, as they have not delivered the cement to our members at the decided price, despite taking advances," CREDAI national president Getamber Anand said.

He also said if the situation does not change, they can also go on a national strike.

Echoing the similar views, CREDAI NCR president Manoj Gaur said, "There are about 220 members of CREDAI in the national capital region and all have unanimously decided to stop procurement of cement from UltraTech and Lafarge."

Mr Gaur added that these companies have increased cement prices by 40 per cent and it seems they are involved in cartelisation.

All members of CREDAI NCR have agreed to implement this ban with immediate effect.

CREDAI NCR is one of the largest chapters of the organisation and all leading developers in the region are its members.

CREDAI NCR has about 220 members from Delhi, Noida, Yamuna Expressway, Gurgaon, Ghaziabad, Rajnagar Extension, Faridabad Neemrana, Bhiwadi and other adjoining areas.

Source - TOI