First Water raised its stake in Deccan Cements from 6.92% to 7.09%, purchasing 23,583 shares.
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.
India-focused and FPI co-founded by Arun Chulani (CA, MSc LSE, ex-Ikarus Petroleum) and Ricky Kirpalani. Concentrated long-only value strategy holding 15 to 18 stocks for 5 to 7 year horizons. Patient capital with a Buffett-style preference for moaty Indian businesses available at sensible prices.
