Date: 1st August, 2026

Operational Highlights

Capacity Expansion:

  • Commissioned third production line at Kundanganj in March with ₹300 crore capital expenditure
  • Increased annual cement production capacity to 21.4 million tons
  • Created thousands of direct and indirect jobs
  • Target to reach 27.6 million tons capacity by 2028-29
  • Company consistently operates at near full capacity quarter after quarter
  • Expanded volumes now serving markets across Uttar Pradesh, Bihar, Maharashtra, and Rajasthan

Environmental Initiatives:

  • 90% of total sales consists of blended cement
  • Maintains one of the lowest clinker-to-cement ratios in Indian cement industry
  • Green power mix increased from 25% to 31% during last fiscal year
  • Further increased to 33% by end of June quarter of current financial year
  • New 5 MW solar plant at Mukutban estimated to reduce CO₂ emissions by 5,000 tons annually

Jute Division Performance

Challenges:

  • Faced extreme shortage of raw jute and sharp price spike
  • Raw jute prices reached unprecedented high in June quarter
  • Forced to rationalize production by reducing working days
  • Production in June quarter declined 27% compared to same period last year

Positive Developments:

  • Focused on efficiency improvement and reduction in conversion cost
  • Full-year conversion cost reduced by 8%
  • Better price realization from finished products
  • Revenue grew from both domestic and overseas sales
  • Achieved cash profit of over ₹4 crore in June quarter

Workforce Development

Gender Inclusion:

  • Recruited 28 women to work at Sial Ghogri underground coal mine
  • Historic step in a male-dominated sector
  • Provided thorough training and dedicated infrastructure upgrades

Leadership Development:

  • Conducting management development programmes
  • Strengthening leadership capability, functional excellence and future readiness
  • Introduced talent identification programme for high-potential employees

CSR Activities

Swachh Village Initiative:

  • Adopted nine model villages near manufacturing units
  • Three-year comprehensive development programme
  • Focus on public health, sanitation, women's safety, and school attendance
  • Impressive outcomes in first year

Technology Initiative:

  • Empowering visually challenged students with AI-driven smart assistive lenses/spectacles
  • Provides real-time spatial navigation and audio text translation
  • Enables independent learning and reduces dependence on others

CSR Focus Areas:

  • Healthcare
  • Education
  • Women's empowerment
  • Livelihood development
  • Rural infrastructure
  • Environment and energy
  • Aligned with 13 United Nations Sustainable Development Goals
  • Robust monitoring, evaluation and learning framework in place

Industry Context

Challenges:

  • Cement industry faces severe capacity overhang and intense pricing pressure
  • Price hikes introduced early this year had to be rolled back by June
  • Geopolitical conflicts in West Asia affecting operations
  • Rising global energy costs creating external shocks
  • Near-term margin pressure and muted mass consumption

Opportunities:

  • India's macroeconomic landscape remains favorable for long-term growth
  • Central government's massive public capital expenditure on roads, railways, and urban infrastructure
  • Cement demand expected to remain strong
  • New jute crop arrival improving prospects for jute industry

Strategic Roadmap

  • Execute expansion with precision
  • Drive cost efficiencies
  • Expand green energy production
  • Elevate ESG benchmark leadership across all operating units
  • Continue creating sustainable, long-term value through integrity, excellence, and innovation