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The ongoing row over sharp rise in cement prices in Andhra Pradesh and Telangana deepened, as the Joint Action Committee (JAC) of builders in the two States extended the cement purchase holiday by a week till July 26.
Price up 50%This is the third week in a row that the JAC has been imposing a purchase holiday in protest against the “unwarranted and unilateral” hike of cement price which had gone up by over 50 per cent.
“The JAC is also expecting a positive outcome of reduction in cement prices from the ongoing dialogue, which is essential to safeguard the interests of the individuals and the construction industry, the second-largest employer in the economy,” it said in a release.
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