The India Cements has embarked on a two-pronged initiative to stay ´healthy and all-time fit´. The exercise will largely focus on delivering value for stakeholders in the company. The company made this move considering it was imperative to be cost-competitive in the emerging dynamic environment and essential to keep a watch on the debt level. This was necessary to help the company handle any downturn better. The company had consolidated debt of about Rs 2,600 crore as of March.
Contact: The India Cements.