Motilal Oswal: Birla Corp’s Expansion Plans Provide Growth Visibility  

Motilal Oswal: Birla Corp’s Expansion Plans Provide Growth Visibility

A worker puts cement on brick before installing it on the side of a commercial building. (Photographer Patrick Fallon/Bloomberg)

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Motilal Oswal Report

Birla Corporation Ltd. at its board meeting revived the 1.2 million tonne per annum Kundanganj expansion and guided for the on-time commissioning of the 3.9 mtpa integrated plant at Mukutban.

These expansions provide strong visibility on growth as capacity utilisation is currently running high at approximately 85%.

Q2 FY21 results were also strong, with Ebitda growth of 23% YoY to Rs 3.8 billion and the highest ever Ebitda/tonne of Rs 1,174.

Click on the attachment to read the full report:

Motilal Oswal Birla Corp Q2FY21 Result Update.pdf
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