homevideos Newsearnings NewsOrient Cement lowers FY22 volume guidance as Nov, Dec weaker than expectation
Orient Cement lowers FY22 volume guidance as Nov, Dec weaker than expectation
Orient Cement should be able to do 5.7 million tonne of volume in FY22, Deepak Khetrapal, MD & CEO, told CNBC-TV18.
Orient Cement should be able to do 5.7 million tonne of volume in FY22, Deepak Khetrapal, MD & CEO, told CNBC-TV18.
He said that November and December have been weaker than expectations and the company will be short of the volume target of 6 million tonne.
“If we have not done more than what we have done in Q3 (FY22), it will create a dent in our achievement vis-à-vis aspirations for the year as a whole,” Khetrapal said.
Talking about the union budget, Khetrapal said, “Road sector, housing is not new projects. So, if more money is made available to these projects, I expect it’s strong support for cement, steel manufacturers, anybody who is contributing materials to the infrastructure sector. I think it’s a big boost and I am very encouraged with that.”
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