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Mangalam Cement is the
Mangalam Cement is the preferred pick within the cement space. If one looks at the installed capacity of Mangalam, at 3.25 tonne per annum, if I would look at the kind of realisation that the company has probably come out with; the realisation probably is expected to remain stable. With the raw material cost expected to stay benign, we see a gradual improvement in their EBITDA margins going forward.