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New tax on limestone in Tamil Nadu may raise cement prices, affecting construction and real estate.
Tamil Nadu has introduced a new tax of ₹160 per tonne on limestone, a key raw material for cement, which could raise cement production costs and lead to price increases.
Other states may follow suit, potentially affecting the construction and real estate sectors.
Cement makers like Dalmia Bharat and Ramco Cements could see profit margins squeezed, with costs likely passed on to consumers gradually.
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El nuevo impuesto sobre la piedra caliza en Tamil Nadu puede aumentar los precios del cemento, afectando a la construcción y a los bienes raíces.