Print Edition - 2018-08-19  |  Money Digest

India allows limited import of petcoke

NEW DELHI/BENGALURU

Aug 19, 2018-

India on Friday allowed import of petcoke for use as feedstock in some industries, sending shares of cement manufacturers higher. Cement companies, which account for about three-fourths of the country’s petcoke use, were impacted by petcoke-related policy flip-flops, which began with a supreme court judgment banning use of the fuel in and around capital New Delhi last year. The directorate general of foreign trade banned the use of imported petcoke as fuel, but said shipments for use as feedstock in certain industries were allowed. “Import of Petcoke is allowed for only cement, lime kiln, calcium carbide and gasification industries,” the directorate 

general of foreign 

trade said. (REUTERS)

Published: 19-08-2018 08:09

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