Kesoram Industries is aiming at scaling up operations and refinance its high-cost debt to return to profitability. The company is putting its energies into scaling up the operations and is planning to sell 8 million tons of cement in the current fiscal year, up from 7.02 million tons in FY23.
The company is looking at raising Rs 60 crore this fiscal by hiving off its 21 acres of land belonging to Hindustan Heavy Chemicals in West Bengal's Khardaha, as part of raising resources by disposing of non-core assets. In the current fiscal, with improvements in cement prices and higher sales, the company is looking at an EBITDA of Rs 500-550 crore in FY24, up from Rs 371 crore in FY23.
Kesoram Industries has now become a pure cement company after it demerged the tyres and rayon business.
Company Name | CMP |
---|---|
Ultratech Cement | 9735.35 |
ACC | 2524.40 |
Shree Cement | 24123.30 |
Ambuja Cement | 632.05 |
Dalmia Bharat | 1798.00 |
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