Shree Cement banks on pricing strategy to boost FY26 growth

13 Jun 2025 CW Team

Shree Cement has outlined its strategy for FY26, aiming to enhance profitability through improved pricing rather than focusing on volume growth. The company anticipates only a modest increase in sales volumes, around 2–4 per cent, but expects price hikes of 5–6 per cent to drive overall revenue growth by approximately 9 per cent.

The company is confident it can maintain an average EBITDA per tonne of around Rs 1,400 this year, supported by better pricing and stable costs.

Although demand dipped slightly in May due to heatwaves and regulatory restrictions in parts of Rajasthan and Punjab, Shree Cement expects demand to improve in the coming months, helped by a favourable monsoon, which should support both rural and urban markets.

The company is unaffected by the West Bengal government’s withdrawal of industrial incentives for cement manufacturers, as it has no operational units in the state and has not received any incentives from there over the past five years. The incentives recorded in the previous fiscal year, amounting to Rs 80–10 billion, primarily came from Rajasthan and Uttar Pradesh.

On the expansion front, the company plans to continue pursuing organic growth. While it has submitted a bid for Jaypee Cement’s assets, it does not intend to pursue the acquisition aggressively, citing the asset’s limited market presence. Shree Cement remains on track to reach its target of 80 million tonnes in production capacity by 2030, potentially achieving it a year earlier.

With a net cash reserve exceeding Rs 5,500 crore, the company is also exploring options to reward its shareholders. A final decision on this front is expected within the year.

News source: CNBC TV18

Building Material

12 Sep 2025

Trishakti Industries Secures Major Tata Steel Order

Trishakti Industries Limited has secured a significant order from Tata Steel Ltd for the deployment of advanced machinery and skilled manpower at one of the steel major’s flagship project sites.The contract, awarded domestically, involves the hiring of machines along with manpower, with execution set to be completed by 20th September 2025. The initial contract period is 12 months. The total fresh capital expenditure for the project is approximately Rs 1.5 million, while the overall contract value is expected to exceed Rs 5 million inclusive of taxes.This order marks a reinforcement of top-ti..

Kalpataru Projects Secures Rs 27.2 Billion in New Orders

Kalpataru Projects International Limited (KPIL), a leading EPC player in the power transmission and distribution (T&D) and civil infrastructure sector, along with its international subsidiaries, has received new orders and notifications for projects worth approximately Rs 27.2 billion.The projects include:Power Transmission & Distribution (T&D) initiatives in India and overseas.Buildings and Factories (B&F) projects in India.Manish Mohnot, MD & CEO of KPIL, said, “We are delighted with the strong ordering momentum in our T&D and B&F businesses. The orders include ..

ACME Solar Secures Rs 38.92 Billion Financing for Barmer Project

ACME Solar Holdings rose 2.05 per cent to Rs 308.50 after its wholly owned subsidiary, ACME Venus Urja, secured long-term project financing of Rs 38.92 billion from the State Bank of India (SBI).The funds will be utilised for the development and construction of a 400 MW Firm and Dispatchable Renewable Energy (FDRE) project in Barmer, Rajasthan. The loan repayment is structured over 19 years.The Barmer-based FDRE project is contracted with NHPC at a tariff of Rs 4.64 per unit. It will integrate solar power generation with a Battery Energy Storage System (BESS) to ensure higher reliability and d..