Find out why your cement stocks may be suffering

Brent crude surged to trade near a one-year high, which negatively impacted cement companies.

With rising crude oil prices, this has implications for both petroleum coke and coal prices. According to Motilal Oswal, for every $10 increase per ton of coal and petroleum coke, it could impact the cost of production by about Rs 40-50 per ton, or almost about 5% of the EBITDA per ton they have delivered in the past. trimester.

Indeed, they will need a price increase of around Rs 3 per bag to push an increase of $10 per ton.

Watch CNBC-TV18’s Nigel D’Souza accompanying video for more details.

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First post: STI


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