Orient Cement is reportedly expecting to get its ‘greenfield’ facility in Gulbarga, Karnataka, on steam by June 2015. The cement major has already invested Rs 1,300 crore of the estimated Rs 1,900 crore for the plant, which has a capacity of producing 3 million/tonnes per annum. The plant will meet the demands of parts of Karnataka, Maharastra and Andhra Pradesh.
The company registered a net profit of Rs 31 crore (Rs 23 crore) for the quarter ended December 31, 2014, a 36 per cent increase over the corresponding quarter of last year. Its turnover stood at Rs 384 crore (Rs 341 crore).
