Orient Cement Limited
Orient Cement Ltd is primarily engaged in the manufacture and sale of Cement and its manufacturing facilities at present are located at Devapur in Telangana, Chittapur in Karnataka and Jalgaon in Maharashtra.
What Orient files
- Others68
- Investor Meet32
- Important29
- Insider Trade11
- Board Meeting11
- Updates9
Orient Cement's board approved Q1 financial results. The company also acquired a 9.04% stake in Vena Energy KN Wind Power for Rs 0.12 Cr, strategically securing captive renewable power. Vena Energy's FY25 turnover was Rs 59.85 Cr.
Orient Cement will convene a shareholder meeting to approve its amalgamation with Ambuja Cements. This tribunal-directed step is crucial for the merger, potentially reshaping the company's future business structure and market position.
Orient Cement alerts shareholders: Shares linked to 7+ years of unclaimed dividends face compulsory transfer to the Investor Education and Protection Fund (IEPF). Claim unpaid dividends immediately to avoid transfer.
Orient Cement significantly integrated into Adani Cement, now with 74% sales to related parties. Boosted green power to 41% and achieved 1.2x water positivity. Faced a ₹0.0134 Cr fine from BSE for board non-compliance. Increased GHG emissions and employee turnover noted.
Orient Cement received an Income Tax order raising a demand of Rs. 52.40 Cr, mainly due to a Rs. 54.33 Cr transfer pricing adjustment. The company expects rectification to reduce the demand to Rs. 3.19 Cr and plans to appeal the order.