To enhance its scale, the company is expanding its presence in Gujarat, which will add 3 MT capacity over the next 2-3 years.
PRO Only Highlights
– Quarterly performance largely backed by improved realisations
– Medium-term triggers China plus and protectionist measures for tyre industry
– Valuations not inexpensive; but improved medium-term outlook
HeidelbergCement India’s performance in recent quarters has been quite impressive, despite COVID disruptions. Improvement in the overall economic activity, including a pick-up in infrastructure activity and solid rebound in the housing market, have been driving the cement offtake for the company. Quarterly result highlights The second wave of COVID-19 had little impact on HeidelbergCement’s operations, and Q1FY22 revenues came in marginally lower on a sequential basis. Cement offtake for the quarter stood at 1.18 million tonnes (MT), up 38 percent YoY. Operating profits…
