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Shree Cement Commissions 3.50 MTPA Mill in Karnataka; Total India Capacity Reaches 70 MTPA
Shree Cement has successfully commissioned its 3.50 MTPA cement mill at Kodla, Karnataka, marking the full commissioning of the integrated plant. This follows the recent commissioning of a 3.65 MTPA clinkerisation unit at the same site in February 2026. The final cement capacity of 3.50 MTPA exceeded the initial target of 3.0 MTPA due to equipment optimization and process improvements. This expansion brings the total capacity at the Kodla site to 6.50 MTPA and pushes the company's total domestic capacity to nearly 70 MTPA.
Key Highlights
Commissioned 3.50 MTPA cement mill at Kodla, Karnataka on March 14, 2026
Final capacity of 3.50 MTPA is 16.6% higher than the initially planned 3.0 MTPA
Total cement capacity at the Kodla site now stands at 6.50 MTPA
Overall India cement capacity for Shree Cement has increased to approximately 70 MTPA
Integrated plant is now fully operational following clinker unit commissioning in Feb 2026
💼 Action for Investors
This expansion strengthens Shree Cement's footprint in the Southern market and provides a clear path for volume growth. Investors should monitor the ramp-up of this facility and its impact on the company's market share in the region.
Shree Cement Commissions 3.65 MTPA Clinker Capacity in Karnataka
Shree Cement Limited has successfully commissioned a new clinkerisation section with a capacity of 3.65 MTPA at its integrated plant in Kodla, Karnataka. This expansion significantly boosts the total clinker capacity at the Kodla site to 7.15 MTPA. The move is part of the company's strategic growth plan to strengthen its manufacturing footprint in the Southern Indian market. This operational milestone is expected to support future cement production volumes and improve supply chain efficiency in the region.
Key Highlights
Commissioned 3.65 MTPA clinkerisation capacity at Kodla, Kalaburagi District, Karnataka
Total clinker capacity at the Kodla facility has now reached 7.15 MTPA
The unit is part of a larger Integrated Cement Plant project
Strengthens the company's market position and production capabilities in South India
💼 Action for Investors
Investors should view this as a positive development for long-term volume growth and regional market share. Monitor the company's upcoming quarterly results for updates on the utilization levels of this new capacity.
Shree Cement Q3 FY26: Focus on Value Narrows Price Gap; RMC Expansion to 45 Plants by Sept 2026
Shree Cement is successfully executing a 'value over volume' strategy, narrowing its price gap with competitors from INR 30 to INR 15 per bag. The company reported sales volumes of 8.7 million tons for Q3 FY26 and expects to reach 9-9.5 million tons in Q4 FY26 as demand picks up. Management highlighted industry-leading cost efficiency with fuel costs at 1.56 per kilocalorie and a high renewable energy mix of 61%. The company is also aggressively scaling its RMC business, targeting 45 plants by September 2026 with an allocated capex of INR 500 crores.
Key Highlights
Narrowed price gap with market leader UltraTech from INR 30/bag to INR 15/bag through disciplined pricing.
Sales volume stood at 8.7 million tons in Q3 FY26, with a projected 9-9.5 million tons for the upcoming quarter.
Renewable energy share reached 61%, helping maintain the lowest fuel cost in the industry at 1.56 per kilocalorie.
RMC business generated INR 71 crore revenue in Q3; plant count to increase from 19 to 45 by September 2026.
Maintained long-term capacity target of 80 million tons by FY29, supported by a 7.5-8% expected industry growth rate.
💼 Action for Investors
Investors should view the improvement in realizations and cost leadership as strong indicators of margin resilience. Monitor the successful ramp-up of the RMC business and the commissioning of the Kodla unit as near-term growth catalysts.
Shree Cement Re-appoints Hari Mohan Bangur as Chairman for 5-Year Term
Shree Cement's Board has approved the re-appointment of Mr. Hari Mohan Bangur as Chairman (Whole Time Director) for a five-year term starting April 1, 2026. Mr. Bangur, an IIT Bombay alumnus, has been a central figure in the company's technical excellence and significant capacity expansion. The decision, made during the February 6, 2026 board meeting, is subject to shareholder approval. This move ensures leadership continuity for the cement major, maintaining the existing family-led management structure.
Key Highlights
Re-appointment of Mr. Hari Mohan Bangur as Chairman for a 5-year term effective April 1, 2026
Mr. Bangur is an IIT Bombay Chemical Engineer and recipient of the EY Entrepreneur of the Year 2016 award
The appointment was recommended by the Nomination Cum Remuneration Committee and approved on February 6, 2026
Maintains leadership continuity as Mr. Bangur is the father of Vice Chairman Prashant Bangur
💼 Action for Investors
Investors should view this as a positive sign of management stability and continuity in strategic direction. No immediate action is required as the re-appointment of a proven leader is generally priced in as a routine positive.
Shree Cement Q3 FY26: PAT Rises 21% to ₹279 Cr; Capacity Reaches 65.8 MTPA
Shree Cement reported a 21% YoY increase in PAT to ₹279 crore for Q3 FY26, despite a slight 3% dip in EBITDA to ₹917 crore due to operating leverage and production disruptions. Net revenue grew 4% YoY to ₹4,416 crore, supported by a significant jump in premium product sales, which now account for 22% of trade volume. The company successfully commissioned a 3.0 MTPA plant in Rajasthan, bringing total capacity to 65.8 MTPA, with another 3.0 MTPA plant in Karnataka nearing completion. The RMC business showed explosive growth with a 143% YoY increase in sales volume.
Key Highlights
Net Revenue grew 4% YoY to ₹4,416 crore, while PAT surged 21% YoY to ₹279 crore.
Premium product sales increased to 22% of total trade volume compared to 15% in the previous year.
Total cement capacity reached 65.8 MTPA following the commissioning of a 3.0 MTPA plant in Rajasthan.
Ready-Mix Concrete (RMC) sales volume witnessed a massive 143% YoY growth with 25 operational plants.
Green energy usage remains high at 60% of total consumption, supported by 634.5 MW of green power capacity.
💼 Action for Investors
Investors should monitor the successful premiumization strategy and aggressive capacity expansion which are driving profitability despite volume disruptions. The company's robust 'AAA' credit rating and high ESG standards make it a resilient long-term play in the infrastructure sector.
Shree Cement Q3 Standalone PAT Rises 21% YoY to ₹278.6 Cr; New 3 MTPA Plant Commissioned
Shree Cement reported a steady performance for Q3 FY26 with standalone revenue growing 4.3% YoY to ₹4,416.39 crore. Net profit for the quarter increased by 21.4% YoY to ₹278.61 crore, despite a slight dip in EBITDA which stood at ₹987.14 crore compared to ₹1,061.45 crore in the previous year. The company successfully commissioned a new integrated plant in Rajasthan, adding 3.0 MTPA of cement capacity. A one-time provision of ₹55.99 crore was made for employee benefits following the notification of new Labour Codes.
Key Highlights
Standalone Revenue from Operations grew 4.3% YoY to ₹4,416.39 crore in Q3 FY26.
Standalone Net Profit (PAT) increased 21.4% YoY to ₹278.61 crore.
Fully commissioned a 3.0 MTPA cement and 3.65 MTPA clinker capacity plant in Beawar, Rajasthan.
9M FY26 Standalone PAT surged to ₹1,174.26 crore compared to ₹640.25 crore in the previous year.
Recognized a ₹55.99 crore additional employee benefit obligation due to new Labour Code notifications.
💼 Action for Investors
The capacity expansion in Rajasthan strengthens the company's market position, though EBITDA margins face some pressure. Investors should monitor the ramp-up of the new facility and the impact of the new Labour Codes on future operating costs.
Shree Cement Q3 PAT Rises 21% YoY to ₹279 Cr; New 3 MTPA Rajasthan Plant Commissioned
Shree Cement reported a 21.4% YoY increase in standalone Net Profit to ₹278.61 crore for the quarter ended December 31, 2025. Revenue from operations grew 4.3% YoY to ₹4,416.39 crore, driven by steady operational performance. A major highlight is the full commissioning of a new integrated plant in Rajasthan, adding 3.0 MTPA to its cement capacity. The company maintained a very strong balance sheet with a low debt-to-equity ratio of 0.06.
Key Highlights
Standalone Revenue from Operations grew 4.3% YoY to ₹4,416.39 crore.
Net Profit (PAT) increased by 21.4% YoY to ₹278.61 crore from ₹229.41 crore.
EBITDA for the quarter stood at ₹987.14 crore with an operating margin of 22%.
Commissioned a new integrated plant in Beawar, Rajasthan, with 3.65 MTPA Clinker and 3.0 MTPA Cement capacity.
Recognized a one-time employee benefit obligation of ₹55.99 crore due to new Labour Code notifications.
💼 Action for Investors
Investors should focus on the successful capacity expansion which will drive future volume growth. The company's extremely low leverage and consistent profitability make it a resilient pick in the cement sector despite slight margin compression.
Shree Cement Assigned 'CareEdge BBB+' Foreign Currency Rating; Reaffirms 'AAA' Domestic Rating
Shree Cement has been assigned a long-term Foreign Currency Issuer rating of 'CareEdge BBB+' with a stable outlook by CareEdge Global IFSC Limited. The company continues to maintain its top-tier domestic credit profile with 'AAA/Stable' for long-term and 'A1+' for short-term facilities. These ratings reflect the company's strong operational performance and financial resilience. Furthermore, the company holds a high ESG score of 70.8, underscoring its commitment to sustainable business practices.
Key Highlights
New 'CareEdge BBB+' long-term Foreign Currency Issuer rating assigned with a stable outlook.
Domestic long-term credit facilities reaffirmed at the highest 'AAA/Stable' rating.
Short-term credit facilities maintained at the 'A1+' rating level.
ESG Score of 70.8 (CareEdge-ESG 1) highlights strong adherence to governance practices.
💼 Action for Investors
The high credit ratings indicate a very low risk of default and strong financial health, reinforcing confidence in the company's balance sheet. Investors should view this as a positive indicator of stability for long-term holding.
Shree Cement Faces MCA Investigation Under Section 210(1)(c) of Companies Act
Shree Cement Limited has been notified by the Ministry of Corporate Affairs (MCA) regarding an investigation initiated under Section 210(1)(c) of the Companies Act, 2013. The Regional Director of the North-Western Region has requested specific information from the company as part of this probe, which was received on January 1, 2026. While the company states there is no immediate impact on financial or business operations, investigations under this section are typically initiated in the public interest. Investors should monitor further disclosures regarding the specific nature of the inquiry and any subsequent findings.
Key Highlights
MCA ordered an investigation under Section 210(1)(c) of the Companies Act, 2013.
Communication received from the Regional Director, North-Western Region on January 1, 2026.
The authority has sought specific information and documents from the company for the probe.
Company claims no current quantifiable impact on financial, business, or operational activities.
💼 Action for Investors
Investors should remain cautious as Section 210(1)(c) investigations can lead to deeper regulatory scrutiny or SFIO involvement. Monitor for updates on the specific allegations and the company's compliance with the information request.
Shree Cement Withdraws Lockout at Chhattisgarh Plant; 10,000 TPD Production Restored
Shree Cement has announced the withdrawal of the lockout at its Baloda Bazar plant in Chhattisgarh, effective December 22, 2025, following an amicable settlement with workmen. The lockout, which lasted approximately five days starting from December 18, resulted in a production loss of roughly 10,000 tons of cement per day. No damage to company property was reported during this period, and operations are returning to normalcy. The quick resolution of the labor standoff minimizes the potential long-term impact on the company's supply chain and financial performance.
Key Highlights
Lockout at Baloda Bazar, Raipur plant withdrawn effective December 22, 2025, at 11:00 PM.
Estimated production loss of approximately 10,000 tons of cement per day during the standoff.
Amicable settlement reached between management and workmen to resolve the dispute.
No loss or damage to company property reported during the 5-day lockout period.
Normalcy restored at the facility following the withdrawal of the lockout notice.
💼 Action for Investors
Investors should take comfort in the swift resolution of the labor dispute, which limits the aggregate production loss to approximately 50,000 tons. No further action is required as the operational risk has been mitigated.
Shree Cement Declares Lockout at Chhattisgarh Plant; 10,000 TPD Production Loss Estimated
Shree Cement has declared a lockout at its Baloda Bazar plant in Chhattisgarh, effective December 18, 2025, due to labor non-cooperation. The company expects a significant production loss of approximately 10,000 tons of cement per day during this period. While the company is currently assessing the total financial impact, it has confirmed that all physical assets at the site are covered by insurance. This disruption could impact the company's supply chain and volume targets in the eastern region if the lockout persists.
Key Highlights
Lockout initiated at the Baloda Bazar, Raipur (Chhattisgarh) plant starting December 18, 2025.
Estimated daily production loss of approximately 10,000 tons of cement.
Management cited non-cooperation of workmen as the primary reason for the lockout.
Total financial loss is currently being ascertained by the company management.
All plant assets are confirmed to be covered under insurance policies.
💼 Action for Investors
Investors should monitor the duration of the lockout as a prolonged shutdown will negatively impact quarterly volume growth. Watch for management updates regarding negotiations with labor unions to resolve the non-cooperation issue.