Star Cement - Capex Plans Well On Track: Nirmal Bang  
A limestone and clay mix sits in a pile inside a cement plant. (Photographer: Gianluca Colla/Bloomberg)

Star Cement - Capex Plans Well On Track: Nirmal Bang  

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.

Nirmal Bang Report

With the two million metric tonne Silliguri (West Bengal) grinding unit being commissioned in January 2021, the management of Star Cement Ltd. has set a target of doubling its capacity from six million metric tonne currently to 12 million metric tonne in the next five years by setting up units in North-East, East and Central India.

We believe this provides good visibility on capital allocation and earnings growth for the company over the longer term.

Click on the attachment to read the full report:

Nirmal Bang Star Cement- Q3FY21 Result Update .pdf


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.

BQ Install

Bloomberg Quint

Add BloombergQuint App to Home screen.