India Cements Ltd. Vice-Chairman and Managing Director Mr. N Srinivasan on 10th November 2021 said that price of Cement may increase owing to rapid increasing Coal prices. He further added that this would be the case with not only with India Cements but all the Cement manufacturers.
Coal being the main fuel to run Cement clinkers for manufacturing Cement the production cost increase is inevitable. Mr. Srinivasan further said “I am surviving because I have coal which have been bought at lower cost. When it sells USD 250 coal, I will have to increase the price by Rs. 30 – Rs. 40 a bag easily“.