The Supreme Court’s decision to lift the blanket ban on the import of pet coke and allow a capped quantity of import may create an uncertainty on the expansion of aluminium capacity and discourage investments in the sector, India Ratings said in a report Tuesday.
The apex court had earlier this month allowed an annual limit of 1.4 million tonnes and 0.5 million tonnes for the import of green pet coke (GPC) and calcined pet coke (CPC), respectively. Aluminium making needs carbon anodes,which requires CPC and coal tar pitch in the ratio of 80:20.
The rating agency said the Supreme Court’s move will affect aluminium producers’ margins in the medium term. Read More
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