Star Cement - Capex Plans Well On Track: Nirmal Bang
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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.
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