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Budget 2012 measures will lead to savings of Rs 5-10/tonne of coal: India Cements

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VM Mohan, CFO of India Cements says that Budget 2012 measures will lead to savings of Rs 5-10/tonne of coal. However, there will be no significant savings as far as coal imports are concerned. "Excise Duty hike will lead to price hikes between Rs 2-12/bag," he adds.

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