MS Dhoni makes a surprise visit to the India Cements board meeting
He also vowed to give more time to the company affairs from now on.
Updated - Nov 11, 2018 10:12 am
It was a regular board meeting for the India Cements on Friday. Well, that was until MS Dhoni decided to drop in for the same. Holding a prestige position as the Vice President of the Company, Dhoni who now has no international commitments this year, vowed to be a part of more such meetings in the future.
The Chennai based cement manufacturing company held the meeting in order to review the performances for three quarters this year. The executives were totally surprised to see Dhoni taking part in the board meeting. Further, the company also discussed it’s future plan for expansion in the fiscal year 2018-2019.
Dhoni expects India Cements to reach 100 per cent capacity utilization levels by next year
MS Dhoni has been known to make some brilliant first impressions. Bestowed upon the captaincy honour for the first time in the 2007 WT20, Dhoni not only managed to attain success but also ensured India won the tournament without the presence of stalwarts in the team. Here too, Dhoni had words of encouragement during the presentation.
“I am bullish on India Cements’ growth. We at India Cements will reach 100% capacity utilization levels next year on the back of rising demand.” This was in reference to the company’s current utilization which was rated 80%. He also vowed to give more time to the company affairs from now on as quoted by IB Times.
The future outlook shows an increase in demand. Planning to expand, the India Cements have been looking forward to an emancipation of a cement factory with an annual capacity of 2.4 million tonnes in Madhya Pradesh. N Srinivasan who is the managing director confirmed that their budget for the project was Rs 900-1000 crores and they looked forward to fund it internally. He sounded optimistic regarding the demand levels outstripping the supply soon.