The October 2024 acquisition of Orient Cement Company (OCC) by the Adani Group has sparked apprehension among employees about their future. The buyout involves passing on OCC's management to Adani Cement over the next three to four months.
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Mancherial: The Adani Group's October 2024 buyout of CK Birla Group's Orient Cement Company (OCC) in Devapur of Kasipet mandal here has triggered job security worries among the company's employees. OCC, established by the CK Birla Group at Devapur village 42 years ago, was taken over by Adani Cement at an equity value of Rs.8,100 crore in October.
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Malkheda originally known as Manyakheta, and also known as Malkhed, is a town in Karnataka, India. Malkheda is situated 10 km north of Orient Cement.
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Orient Cement stands for strength and trust, and has established a reputation for the same with the use of only high-grade raw materials. The products are suitable for all types of industrial, residential and commercial constructions.
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Orient Cement has received a stock call upgrade to 'Hold' from MarketsMojo, citing its low Debt to EBITDA ratio of 1.07 times.The company reported a 90.6% decline in profit after tax for Q3 2024, with operating profit down 0.33% over five years and cash equivalents at Rs 6.77 crore.
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P.O. Devapur Cement Work, Mancherial (District), Telangana- 504218 Tel: +91 8736 240709 Fax: +91 8736 240522 E-mail: info@orientcement
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The cement company responded via a BSE filing announcing their stance. What Is The Issue The notice from the additional commissioner, confirmed the demand for "GST Rs. 6,45,65,663 + Interest + Pena...
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Established in 1979, Orient Cement was formerly, a part of Orient Paper & Industries. It was demerged in the year 2012 and since then, it has emerged as one of the fastest growing and leading cement manufacturers in India. Orient Cement began cement production in the year 1982 at Devapur in Adilabad District, Telangana.
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GST number of Orient Cement Lmited is 29AABCO5420A1ZX. Orient Cement Lmited is registered as a Public Limited Company. This business was registered under GST on 01/07/2017.
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