Grasim reports improved performance
Published by Joseph Green,
Editor
World Cement,
Grasim has reported improved performance for the second quarter of 2015 amidst challenging market conditions. Its consolidated revenue has grown by 7% at Rs.8599 crore and EBITDA was up by 3% at Rs.1531 crore.
In cement section of the business, the demand is expected to be higher with the Government’s focus on infrastructure development, housing sector, smart cities etc and the softening of interest rates. The company is well positioned across the country to cater growth in demand.
The company enjoys a leadership position in all its businesses: Cement, Viscose Staple Fibre and Chemicals, which has been further strengthened having made an investment of US$4 billion over last five years. The company is well poised to reap the benefits of these investments with ramping up of capacity utilisation and expected upturn in the business cycle led by accelerated growth in the economy.
Edited from source by Joseph Green. Source: Aditya Birla Group
Read the article online at: https://www.worldcement.com/asia-pacific-rim/10082015/grasim-reports-improved-performance-299/
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