Expect to attain sales volume of 3.3 million tonne in H2FY18: Orient Cement

Orient Cement has posted a good set of earnings along expected lines. In an interview to CNBC-TV18, Deepak Khetrapal, MD & CEO of the company spoke about the results and gave his outlook for the future.

We did total volume at approximately 2.7 million tonne in first half of FY18, said Khetrapal.

He further said that currently we are functioning at capacity utilisation of approximately 70 percent. However, we are looking to increase capacity utilisation by more than 80 percent.

We expect to attain sales volume of 3.3 million tonne in second half of FY18 and targeting sales volume of 6 million tonne in FY18.

He expects cement demand to improve in H2 of FY18.

Talking about Jaypee deal, he said we are still in process of getting various permissions for the deal.

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