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