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Anand Rathi Report
Greater demand and stable prices mitigated input cost pressures, resulting in Mangalam Cement Ltd.’s Q2 revenue/Ebitda rising 11%/24% YoY.
Its waste heat recovery system expansion completed in August 2020 and is expected to offset rising pet-coke costs.
Fly ash availability at Aligarh is expected to be resolved in Q4. With already 90% utilisation in clinker, the ongoing expansion at Morak will allow for greater volumes.
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