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Axis Securities Report
Dalmia Bharat Cement Ltd. – a wholly-owned subsidiary of Dalmia Bharat Ltd., added 5.15 million tonnes per annum of grinding capacity (2.25 mtpa at Dalmia DSP unit-II, near Cuttack (Odisha) and 2.9 mtpa at Murli Plant in Maharashtra) during the year.
The said expansion increased its total capacity to 35.9 mtpa in FY22 from 30.75 mtpa in FY21.
Dalmia Bharat also doubled its renewable power capacity to 63 megawatt in FY22 from 32 mw in FY21. Furthermore, it has added 32 mw of thermal power through the acquisition of Murli Industries Ltd.
The company expended Rs 1,988 crore on capex in FY22. It lowered its gross debt by 586 crore to Rs 3,140 crore in FY22 through pre-payments and repayments of various term loans, non-convertible debentures, short-term loans, and buyer’s credit.
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