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.

Find all the stock market news here

First post: STI


cnbctv18-forexlive-benzinga

Not all news on the site expresses the point of view of the site, but we transmit this news automatically and translate it through programmatic technology on the site and not from a human editor.
Back to top button