Consistent improvement on metrics in FY21; TP raised to Rs 875 given showing, industry outlook; ‘Buy’ maintained
Liabilities coming up for payment may lead to a cashflow issue; FY22/23e Ebitda down 11/14%; ‘Sell’ retained with TP of Rs 5
Over 25% of fly ash produced from power plants is used by the cement industry. Bricks and tile makers consume about 10% and another 10% is utilised for making roads and flyovers. More than 15% of the fly ash is used for the reclamation of low lying areas.
Shailendra Dubey, chairman of AIPEF, wrote to the Prime Minister that the Bill should not be placed before Parliament before holding talks with stakeholders.
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