Shailendra Chouksey, President Cement Manufacturers' Association and whole-time director, JK Lakshmi Cement, said even though the Railways has taken cognisance of falling efficiency, the industry is greatly disappointed that its demand for cut in freight rates in view of the fall in petroleum prices has not been considered.
Therefore, he said, the Railways should not be surprised if its share in the cement traffic comes down further from 30 per cent as the roadways have been more responsive in rationalising charges with respect to petroleum price changes. The targeted capex of ₹1.2 lakh crore for rail auto hub in Chennai, elevated rail corridor in Mumbai suburban, will revive cement demand, he said.
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.