Ambuja Cements Limited CC-Jun24.pdf · 2024-07-31
Sir, my first question is on capital allocation. Given the fact that you have a stated policy that your growth is going to be either internal accrual funded, there will be no debt involved, the fact that we are putting in quite a large sum of money behind these solar power plants, and the fact that we are talking about the industry also growing quite meaningfully, and I am sure we are going to want to match up with that market share , why is it that the focus is to install a green power when you can actually get it from multiple sources including our group companies? So just wanted to understand what is the thought behind putting so much money in renewable power when we can actually buy it from outside? That is question number one?
Sir, my second question is , we have done about Rs. 800-Rs. 810 EBITDA per ton this quarter and based on the target we have to get 3,650 cost. We are looking at about Rs. 800 EBITDA per ton improvement from here on. Any sense on whether this is based on some assumption on pricing because I think while you are doing a lot on cost, I think pricing is something that has been disappointing in general. So I am just trying to get to ask which could look a little steeper based on where the industry stands as we speak?