Companies
Hindalco flags coal shortage, expects 5% rise in aluminium production costs
Reported by: Business Standard ·
Summary
Business Standard reported that Hindalco expects its aluminium production costs to rise about 5% in the December quarter, after a similar increase in the September quarter. The company's managing director, Satish Pai, flagged a coal shortage as the reason, according to the outlet. Sequentially means compared with the quarter just before, so the December quarter is being compared with July to September. Coal is a key input for making aluminium, so a shortage of it can raise the cost of producing the metal. The report gives no figure in rupees for the cost increase, and does not say how much coal supply has fallen. It also does not give Hindalco's total production or profit numbers for either quarter.
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Business Standard · · Tone 0
Hindalco flags coal shortage, expects 5% rise in aluminium production costs
The metals company expects aluminium production costs to rise another 5 per cent sequentially in the December quarter, after a similar increase in the September quarter, MD Satish Pai said
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Earlier coverage
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