Deepak Khetrapal, MD & CEO of Orient Cement said at the EBITDA level it has been a poor performance this last quarter.
The acquisition is mainly to keep in line with the company‘s long-term strategy of reaching 15 million tonne from 5 million tonne by 2020, said Deepak Khetrapal, MD & CEO, Orient Cement.
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
Orient Cement reported a weak set of quarterly earnings. The company saw weakness in realizations, with an 11 percent year-on-year fall in prices, said Deepak Khetrapal, MD and CEO of the company.
The company expects a revenue growth of Rs 1,750 crore by FY15 end.
Deepak Khetrapal, managing director, Orient Cement says the company has seen good demand in the past few days owing to late rains and there has been a marginal softening of prices- Rs 10 per bag.