Andhra Cements Posts Loss

Andhra Cements Part of the Jaypee Group Posts Net Loss of Rs.19 Crore in Q2

Andhra Cement's net loss stood at Rs.19.82 crore for the quarter ended September 30, against a net loss of Rs.4.89 crore in the same period a year ago.
Total standalone income stood at Rs.110.65 crore for the quarter ended September 30, against a  standalone income of Rs.0 crore in the same period a year ago.

Andhra Cements has two cement plants, located in Vishakapatnam and Dachepalli with a combined installed capacity of 1.4 MPTA. Its major markets include Andhra Pradesh, Tamilnadu, Orissa and Karnataka.

Andhra Cements is part of the Jaypee Group, a diversified industrial conglomerate with an annual turnover of around Rs. 25000 crores. The Jaypee Group, has interests in the Engineering & Construction sector, with a substantial interest in Cement, Hydro Power, Thermal Power, Wind Power, Expressways & Highways, Hospitality & Tourism, Real Estate, Hospitals, Minerals & Mining, Transmission, Information Technology and Education.