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)

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

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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

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