News: The company has commissioned 0.8 MTPA brownfield cement capacity at Neem Ka Thana, Rajasthan. The company along with its subsidiary now has 17.05 MTPA grey cement capacity in Rajasthan. Overall cement capacity has now reached 129.95 MT.
Views: The pending project of phase I capacity expansion (~1.3 MT) is expected to be completed by Q1FY24E post which the total capacity will be 131.25 MT. The company's strategic growth plan (target to become 154 MT player by 2025, 200 MT player by 2030, i.e. at 7.2% CAGR), prudent approach in generating higher cash flows to capex with IRR target of +15% for the new capex while maintaining strong balance-sheet would continue to keep the company ahead in the league.
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