India: Brick kilns halting production over GST rate hike to hit coal demand
Non Coking
6 Oct 2022, 16:55 IST
Steel Mint Intel

The All India Brick and Tiles Manufacturing Federation (AIBTMF) has decided to stop manufacturing of bricks in 1 lakh units across the country. This stand was adopted following the hike in GST on domestic coal from 1% to 6%. The halt in production would affect the construction sector largely dependant on traditional bricks, which may affect thermal coal demand from Indonesia and Russia.

6 Oct 2022, 16:55 IST
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