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<p>NCL's cement division has room for additional grinding capacity considering the installed clinker capacity. The board plans to set up a 2000-3000 TPD grinding capacity plant in Vizag. The total capex is estimated at Rs 300 crore of which Rs 200 crore is likely to be incurred in FY22E. With current total debt being over Rs 400 crore, we expect debt levels to increase further in FY22E. Further, expansion in the same region (AP, Telangana), which has excessive...</p><div class="content-highlight"><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></div>

NCL's cement division has room for additional grinding capacity considering the installed clinker capacity. The board plans to set up a 2000-3000 TPD grinding capacity plant in Vizag. The total capex is estimated at Rs 300 crore of which Rs 200 crore is likely to be incurred in FY22E. With current total debt being over Rs 400 crore, we expect debt levels to increase further in FY22E. Further, expansion in the same region (AP, Telangana), which has excessive...Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

NCL Industries: Growth to Normalise After Stellar Performance

India

NCL Industries Ltd. manufactures cement and ceramics.

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NCL Industries (NCLI IN)

NCL Industries: Growth to Normalise After Stellar Performance

NCL's cement division has room for additional grinding capacity considering the installed clinker capacity. The board plans to set up a 2000-3000...

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