Since the demand environment across the country is slowly improving, the Street was anticipating a healthy volume growth. Since the demand environment across the country is slowly improving, the Street was anticipating a healthy volume growth. Higher petroleum coke price, increased import duty on fuel and lower availability of linkage coal kept power and fuel cost elevated on a year-on-year basis. But better-than-expected realisations and lower overhead expenses offset the impact of sustained input cost pressure. Investors were concerned over a possible increase in royalty charges, but ACC Ltd’s management has recommended renewal of its technology and know-how agreement (i.e royalty), maintaining it at 1% of its net sales.

Source: Mint April 19, 2018 08:15 UTC