Friday, July 2, 2010

Fuel price hike to hit cos' margins

The Times of India: "'Our bottomline will be impacted as expenses will go up as a result of the rise in fuel prices,' said Sanjay Bhatia, managing director, Hindustan Tin Works. Petroleum products are used to manufacture tins. Companies like Hindustan Tin Works would witness production costs going up in addition to the rising freight costs."

No comments: