Heard the concall.
- Inorganic options: Given the way the cement industry has been evolving (Ultratech vs Adani) for market share, smaller players are under the M&A lens for potential takeover. Amidst this there was also news about the parent Heidelberg wanting to exit the India business similar to Holcim. However, management made a specific mention of being open to inorganic acquisitions to enter new markets. Found this to be interesting (Is the global parent having a change in direction?)
- Gujarat plant is still awaiting clearance. So the growth triggers would be de-bottlenecking and any increase in cement prices. Merger with Zuari cement is also awaiting go ahead
Increase in dividend YoY
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