Deccan Cements To Double Capacity; Waste Heat Recovery Systems Will Save On Costs: Anand Rathi

Deccan Cements To Double Capacity; Waste Heat Recovery Systems Will Save On Costs: Anand Rathi

A worker loads material into a cement mixer. (Photographer Akos Stiller/Bloomberg)

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

Anand Rathi Report

Healthy demand and pricing context and a low base led to Deccan Cements Ltd.’s revenue/Ebitda/profit after tax growing approximately 80%/363%/737% YoY in Q3 FY21.

Sitting on a sound net-cash balance sheet, management announced doubling cement capacity via a 2.2 million tonne expansion to cater to rising demand.

The 6.3 megawatt waste heat recovery systems would result in savings in power costs offsetting the rising cost environment.

Click on the attachment to read the full report:

Anand Rathi Deccan Cements Q3FY21 Result Update.pdf
Read Document

DISCLAIMER

This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.

Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

lock-gif
To continue reading this story
Subscribe to unlock & enjoy all Members-only benefits
Still Not convinced ?  Know More
Get live Stock market updates, Business news, Today’s latest news, Trending stories, and Videos on NDTV Profit.
GET REGULAR UPDATES