Your Company achieved its highest ever cement sales and generated record EBIDTA this
year. There was pressure on the margins due to steep increase in energy costs in the
second half. However, the cost impact was mitigated by improved volumes.
In the current year we will refinance our existing debt to reduce finance costs. We
will also focus on alternate fuels and on reducing carbon footprint.
I thank our esteemed Directors on the Board, employees and all the other stakeholders
for providing support throughout the year.