Cement realisations have fallen to Rs 3,200 per tonne in Q4FY16 from Rs 4000 per tonne earlier, said Deepak Khetrapal, MD & CEO of Orient Cement
Speaking to CNBC-TV18, chairman GP Goenka said, the stake sale will be done through share purchase from his group and a preferential allotment of fresh shares, followed by an open offer.
There is a buzz in the market that Lafarge and Italcementi are in the race to buy a promoter stake in Andhra Cements. In an interview with CNBC-TV18, GP Goenka, Chairman of Andhra Cements spoke on the possible stake sale and the road ahead for the company.
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