MANAGEMENT DISCUSSION AND ANALYSIS: The Indian economy registered a growth rate of 7.4% for the year under review when compared to 6.9% for the year 2013-14. The Cement industry is line with the growth of the economy. The Government of India has undertaken various policy initiatives such as reallocation of coal blocks, enhancement of Infrastructure facilities and liberalized foreign direct investments. Many broad based set of initiatives aimed at encouraging "make in India" are expected to give an impetus to the manufacturing sector. It is expected that the benefits from various policy initiatives will have a positive impact on the manufacturing sector including Cement Industries in the coming years. Special Tax benefits to promote the industry in the Andhara Pradesh state and Telangana State in the Finance Bill 2015 is a supportive measure for our company. The construction activity has been growing very marginally during the year and the realty sector growth is. sporadic. Your Company may face the market more competitive due to this factor but the infrastructure growth will ease the situation in the positive direction in the near future. Bower continues to be another major threat and your Company being faced with a severe restriction in using the Grid Power as imposed by the APSEB. Your directors are confident of overcoming the adverse factors by appropriate decision and the stake holder support. |