Economy & Market
OCL posts Rs 32 cr profit
OCL India previously known as Orissa Cement reported profits of Rs 31.76 crore for the Jan-March quarter. The company has an installed capacity of 5.35 mtpa had clocked Rs 26.51 crore loss in the corresponding quarter last fiscal. Total income of the company rose to Rs 486.04 crore from Rs 341.23 crore a year ago, showing a growth of 42 per cent driven by higher sales realisation and improved operational efficiencies. Expenses, however, declined to Rs 431.78 crore from Rs 371.37 crore a year ago.