TBB BUREAU MUMBAI, FEB 22, 2203 Buoyed by the infrastructure-focused Union Budget, cement demand is set for its third straight year of growth with a 7- 9% jump to ~425 million tonne (MT) in fiscal 2024. However, the outlook on operating margin, which has been under pressure, remains clouded with the prices of key inputs – coal and pet coke ...

TBB BUREAU BHUBANESWAR, SEPT 26, 2022 Operating profitability of cement makers will decline 15% on-year to Rs 900-925 per tonne in fiscal 2023, adding to the pain of a 9% decline last fiscal, as increase in realisations will not be enough to offset the increase in prices of coal, petcoke and diesel that has pushed the average cost of production ...

TBB BUREAU BHUBANESWAR, APRIL 28, 2022 Domestic prices of aluminium, which surged to Rs 300 per kg in March 2022, are expected to gradually decline in the second half of this fiscal and average Rs 225-235 per kg for the whole fiscal, in sync with the global trend. Domestic prices are linked to three-month contracts on the London Metal Exchange ...

TBB BUREAU BHUBANESWAR, JULY 6, 2021 Sharp increase in prices of steel will lift operating margin of primary steel manufacturers by 500 basis points (bps) to 32-33% on-year this fiscal, according to rating agency Crisil. “While this will drive steelmakers to double down on capital expenditure, robust accruals will help them continue deleveraging and strengthening of balance sheets, leading to ...