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Last Updated : Mar 07, 2011 11:10 PM IST | Source: CNBC-TV18

Cement price hike to counter rising coal rates: Heidelberg

Talking about the hike in coal prices, Ashish Guha, managing director of Heidelberg Cement says that the company sees a rise of about 30% in the raw material prices for cement due to the hike in coal prices. “A and B grade coals have gone up by almost 150%, while the C,D,E,F grade coals have grown up by 30%,” he says.

The cement space has been at the receding end of investor selling. One of the reasons is the recent hike in the raw material prices. Talking about the hike in coal prices, Ashish Guha, managing director of Heidelberg Cement says that the company sees a rise of about 30% in the raw material prices for cement due to the hike in coal prices.

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First Published on Mar 7, 2011 04:58 pm