The increase in manufacturing costs reflected both higher global fuel prices and supply-chain disruptions. Shree Cement said geopolitical tensions in West Asia disrupted imports of pet coke and Omani gypsum, delaying contracted pet coke shipments and forcing a shift from lower-cost pet coke to higher-cost coal. Pet coke’s share in the company’s fuel mix declined to 9% in Q1FY’27 from 54% a year earlier, while coal usage increased to 74% from 26%.
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