Concrete

Organised retailer

Published

5 years ago

March 5, 2021

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Shankara Building Products is a leading organised retailer of home improvement and building products in India, operating under the brand name ??hankara Buildpro?? It runs 100+ stores spread across Karnataka, Kerala, Andhra Pradesh, Telangana, Tamil Nadu, Maharashtra, Gujarat, Orissa, Madhya Pradesh and Puducherry. It started in 1995, and is headquartered in Bengaluru. It is listed on NSE and BSE with a turnover of Rs 2,640 crore.

It sells over 30,000+ SKUs across the entire home construction and renovation lifecycle through its retail stores. The products are spread across categories of construction materials, plumbing and sanitary ware, flooring, electrical, interior-exterior finishing and Irrigation. It has a tie up with leading brands across categories. The products are also available its website: Buildpro Store.

The list of customers include homeowners as well as professional customers like architects, interior designers, contractors, developers, plumbers, electricians, tile layers, masons, carpenters, painters, etc. as well as small enterprises. The customers are spread across tier 1, 2 and 3 locations.

In addition to the retail segment, it has two other legacy business segments ??enterprise and channel. In the enterprise segment, it caters to requirements of large end-users, contractors and OEMs. In the channel segment, it caters to dealers and other retailers through its branch network. The common theme across all segments is the customer-centric approach to business.

Back-end operations

The back-end operations provide support to its front-end business segments. It has its own steel processing facilities, which help to provide customised, in-time solutions. It has its own supply chain capabilities with owned warehousing and vehicles to provide efficient and speedy delivery to the customers. Its presence across the value chain of processing, channel, enterprise, retail, and supply chain gives it a lot of strength and unique advantages.

Processing unit

It has a processing unit for steel pipes and tubes (including precision tubes and galvanized pipes), color coated roofing sheets, galvanised strips and cold rolled strips. The units are 12 in number and are located near key demand centres. These are Hyderabad (3), Bengaluru (4), Hubli, Chennai, Coimbatore, Pune and Vijaywada. It has an installed capacity of approximately 325,000 tonne per annum.

The processing units carry key certifications like ISO 9001:2008, ISO 14001:2015, OHSAS 18001:2007 and BIS. The product specifications adhere to international standards and the facilities are approved by a number of prestigious clients. It processes a number of steel based products based on the requirements of our customers.

Pipes and tubes

The company produces CRCA, GI, GP and HR pipes and tubes. It is equipped with advanced mills for precision quality products in tube processing. In CRCA, it processes materials conforming to IS 3074 and automotive requirements (HSLA) series materials. In HR, it has certifications conforming to standards viz. IS 1239; IS 1161; IS 3601 and IS 4923.

Roofing Sheets

The company makes a wide range of roofing, cladding and rainwater systems. The products are designed to provide flexibility to suit any construction need, be it home, office, business or factory. It provides attractive colours and the products are made from high quality raw materials to ensure low maintenance and resistance to extremities of weather. Over and above the products are environmentally friendly and fireproof.

Supply chain

Efficient storage and movement of goods are critical to business operations. The company has over +6 lakh sq ft of warehousing space, a large part of it is owned by them. It has +75-owned trucks to ensure efficient movement of goods. In addition, it has a large number of independent vehicles wholly aligned to serve the logistics needs. It keeps building the supply chain infrastructure to ensure a strong foundation to scale the business.

The enterprise hub of Shankara

In addition to sales from retail stores, the products are sold directly to enterprises for their end users. In this segment, it caters to the requirements of large end users, contractors, and OEMs. The enterprise segment is closely linked with its processing units. This helps to serve the bespoke requirements of customers depending on specifications, quality and delivery timelines. It also offers kit based, cut-to-size, ready-to-use products as well for customers. The range of products include frames for airports, metro stations and malls, city skywalks, airport tubular structures, and road dividers.

Concrete

Nuvoco Vistas Reports Record Q2 EBITDA, Expands Capacity to 35 MTPA

Cement Major Nuvoco Posts Rs 3.71 bn EBITDA in Q2 FY26

Published

2 weeks ago

October 22, 2025

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Nuvoco Vistas Corp. Ltd., one of India’s leading building materials companies, has reported its highest-ever second-quarter consolidated EBITDA of Rs 3.71 billion for Q2 FY26, reflecting an 8% year-on-year revenue growth to Rs 24.58 billion. Cement sales volume stood at 4.3 MMT during the quarter, driven by robust demand and a rising share of premium products, which reached an all-time high of 44%.

The company continued its deleveraging journey, reducing like-to-like net debt by Rs 10.09 billion year-on-year to Rs 34.92 billion. Commenting on the performance, Jayakumar Krishnaswamy, Managing Director, said, “Despite macro headwinds, disciplined execution and focus on premiumisation helped us achieve record performance. We remain confident in our structural growth trajectory.”

Nuvoco’s capacity expansion plans remain on track, with refurbishment of the Vadraj Cement facility progressing towards operationalisation by Q3 FY27. In addition, the company’s 4 MTPA phased expansion in eastern India, expected between December 2025 and March 2027, will raise its total cement capacity to 35 MTPA by FY27.

Reinforcing its sustainability credentials, Nuvoco continues to lead the sector with one of the lowest carbon emission intensities at 453.8 kg CO? per tonne of cementitious material.

Concrete

Jindal Stainless to Invest $150 Mn in Odisha Metal Recovery Plant

New Jajpur facility to double metal recovery capacity and cut emissions

Published

2 weeks ago

October 17, 2025

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Jindal Stainless Limited has announced an investment of $150 million to build and operate a new wet milling plant in Jajpur, Odisha, aimed at doubling its capacity to recover metal from industrial waste. The project is being developed in partnership with Harsco Environmental under a 15-year agreement.

The facility will enable the recovery of valuable metals from slag and other waste materials, significantly improving resource efficiency and reducing environmental impact. The initiative aligns with Jindal Stainless’s sustainability roadmap, which focuses on circular economy practices and low-carbon operations.

In financial year 2025, the company reduced its carbon footprint by about 14 per cent through key decarbonisation initiatives, including commissioning India’s first green hydrogen plant for stainless steel production and setting up the country’s largest captive solar energy plant within a single industrial campus in Odisha.

Shares of Jindal Stainless rose 1.8 per cent to Rs 789.4 per share following the announcement, extending a 5 per cent gain over the past month.

Concrete

Vedanta gets CCI Approval for Rs 17,000 MnJaiprakash buyout

Acquisition marks Vedanta’s expansion into cement, real estate, and infra

Published

2 weeks ago

October 17, 2025

admin

Vedanta Limited has received approval from the Competition Commission of India (CCI) to acquire Jaiprakash Associates Limited (JAL) for approximately Rs 17,000 million under the Insolvency and Bankruptcy Code (IBC) process. The move marks Vedanta’s strategic expansion beyond its core mining and metals portfolio into cement, real estate, and infrastructure sectors.

Once the flagship of the Jaypee Group, JAL has faced severe financial distress with creditors’ claims exceeding Rs 59,000 million. Vedanta emerged as the preferred bidder in a competitive auction, outbidding the Adani Group with an overall offer of Rs 17,000 million, equivalent to Rs 12,505 million in net present value terms. The payment structure involves an upfront settlement of around Rs 3,800 million, followed by annual instalments of Rs 2,500–3,000 million over five years.

The National Asset Reconstruction Company Limited (NARCL), which acquired the group’s stressed loans from a State Bank of India-led consortium, now leads the creditor committee. Lenders are expected to take a haircut of around 71 per cent based on Vedanta’s offer. Despite approvals for other bidders, Vedanta’s proposal stood out as the most viable resolution plan, paving the way for the company’s diversification into new business verticals.