Stock Market Tips, Petcoke issues could nudge cement firms towards coal
Thermal coal also attracts a 6% countervailing duty on import, which is where Coal India's supply assurance is relevant
Although petcoke continues to remain the preferred fuel of cement companies despite the recent import duty hike, the uncertainties around it could impel a movement back towards coal. However, a substantial shift would need assured supply linkage from the near-monopolist home supplier, government-owned Coal India. Cement companies had traditionally relied on coal but had begun a shift to use of petcoke over the past 10 years, as it was cost-effective.
"Petcoke usually has higher calorific value and makes more economic sense to end-users," says Deepak Kannan, managing ...
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