Binani Cement buys 45% stake in UAE Co

Key Takeaways from Binani Cement Concall:

• The company has current operating capacity of 6 million tonnes of cement.
• The company is looking acquisition in China, Dubai to increase foothold in respective countries.
• Under domestic expansion plan, it is concentrating in Gujarat as there is lot of developement activity is on.
• Sale in the march quarter was about a million.
• It has acquired 45% stake in a UAE co.
• It has 700 crore debt on book.
• Capacity is expected to rise upto 12 to 13 miilion tonnes.

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