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