Deccan Cements Limited
Ricky Ishwardas Kirpalani increased his stake in Deccan Cements from 9.32% to 11.33% by purchasing 2,81,285 shares for ₹29.93 Cr at ₹1063.95 apiece in an open market transaction.
A cement manufacturer established in 1979, Deccan Cements produces and distributes cement for construction and infrastructure projects across India. Beyond cement production, the company generates and sells power from hydroelectric and wind energy sources. This diversified business model combining cement manufacturing with renewable energy generation provides operational efficiency and positions the company distinctly within India's cement industry.
Runs one of India's most concentrated disclosed portfolios, a 31%+ stake in Uflex (India's largest flexible packaging company), plus long-term positions in Kama Holdings, Nalwa Sons Investments, and Consolidated Finvest. Total portfolio: ~₹550-640 Cr across just 4 core holdings. Invests in complex industrial conglomerates and holding companies that most investors don't bother to understand, and holds for years. Deep value, low churn, no noise.