ANDHRA CEMENTS LIMITED
Climate Impact & Sustainability Data (2020-04 to 2021-03)
Reporting Period: 2020-04 to 2021-03
Environmental Metrics
Environmental Challenges
- Plant operations were at halt due to some operational, technical reasons and also in view of the massive outbreak of the COVID-19 pandemic.
- Plant operations are at halt due to shortage of working capital and consequential attachment of stocks and bank accounts of the Company by the GST authorities and Power disconnection by the concerned Electricity Board.
- Ongoing litigations with various authorities which could have a significant impact on the results, if the potential exposures were to materialize.
Mitigation Strategies
- The management has approached the financial institutions/banks for restructuring of the debts which is under consideration by major lenders.
- Expression of Interest Notice was also issued through consortium of lenders for sale of plants situated in Andhra Pradesh.