The cement manufacturing companies have already innovated and technologies like clean development mechanism, which will help them to reduce the input cost as the coal consumption will be lesser in the new technology.
According to sources, the cement industry has found that in last three months, higher inflation and the lower demand for property due to costly home loans have impacted real estate and infrastructure projects in India. That also reduced the sale of cements in this quarter.
The cement manufacturing companies are not only planning to reduce the cement prices but also to planning to improve their manufacturing efficiencies to cut down the input costs.