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Synopsis
In line with some estimates, costs of pet coke and Indonesian coal have shot up 55% to 80% previously 5 months. Home brokerage IIFL Securities mentioned this will result in an increase within the working value of cement corporations by ₹350-400 per tonne.
ET Intelligence Group: Working revenue margins of cement corporations could fall 5-6% year-on-year in FY23 because of the excessive value of important inputs similar to petroleum coke (pet coke) and coal, elevated competitors and average demand, in accordance with analysts.
In line with some estimates, costs of pet coke and Indonesian coal have shot up 55% to 80% previously 5 months. Home brokerage IIFL Securities mentioned this will result in an increase within the
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