Orient Cement Limited has informed the Exchange regarding 'Chairman's Letter to Shareholders'.
ORIENTCEM · price
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Orient Cement has circulated a letter from Gautam Adani, Chairman of the Adani Group, addressed to its shareholders. The letter mainly celebrates SEBI's recent dismissal of the Hindenburg allegations against the Adani Group, framing it as a validation of the group's governance and transparency. It also highlights Adani Group-level numbers: portfolio EBITDA rose from ₹57,205 Cr in FY23 to ₹89,806 Cr in FY25 (about 57% growth, 25% CAGR), and gross block expanded from ₹4.12 lakh Cr to ₹6.09 lakh Cr over two years. Key infrastructure milestones mentioned include the Vizhinjam transshipment port, 6 GW of renewable capacity (including Khavda), the world's largest copper smelter, and 7,000 circuit km of new transmission lines. The letter does not contain any specific operational or financial details about Orient Cement itself.
The letter is largely a sentiment-building communication tied to the Hindenburg-SEBI closure and Adani Group-level achievements, with no Orient Cement-specific data or guidance. Shareholders may read this as positive for governance perception, but it is unlikely to materially shift Orient Cement's stock price on its own.