Cement price will rise as cost of coal is up, says India Cements
The India Cements Ltd on Wednesday said price of cement would increase as every cement factory faces “pressure on cost” and the industry was suffering from the huge impact of rise in coal price.
“The rise in cost (of coal) has taken place….the price of coal we were getting was about USD 70-80 per tonne and went up to USD 105; and from there it went to USD 135. Now, it is USD 250 per tonne,” said vice-chairman and managing director of the cement-making company N Srinivasan.
Elaborating on this, he said the company was prudent as it has coal of about four lakh tonne which can produce 27 lakh tonne of cement clinkers. “We have four months of stock, but beyond that we are looking at the higher costs of coal.
