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We intend to use C&D waste as a raw material

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Neeraj Akhoury, Managing Director, Shree Cement, talks about their commitment to sustainability, advanced technology and quality assurance.

What are the various types of concrete mix manufactured by your organisation?
Shree Cement’s product, Bangur Concrete, introduces a range of specialised concrete solutions designed to meet the diverse applications and structural requirements of our customers. Our portfolio includes self-compacting concrete, temperature-controlled concrete, decorative concrete, fibre reinforced concrete, green concrete and high performance concrete.
Our application-specific concrete solutions help in timely completion of all projects, ensuring durable structures for every application in construction projects of all kinds.

Tell us about the key factors that make your concrete brand stand apart from its competitors in the industry.
Bangur Concrete is focused on setting up its own capex state-of-the-art manufacturing units equipped with modern machinery and advanced technology, backed by our world class cement manufacturing units. These units will be equipped to manufacture all types of special concrete, having advanced testing facilities, experienced best-in-industry technical manpower and digitised solutions. One of our USPs is our focus on providing sustainable green solutions to our customers by keeping our plants environmentally friendly and reducing carbon footprint through optimised mix designs and the use of best mineral admixtures.

Which type of concrete mix from your organisation is the revenue driver?
We will be producing concrete ranging from M5 to M80 grades, and special products as well. Typically, a majority of revenue comes from M20-M30 grade of concrete, which is being
used in most of the construction including IHBs.

Tell us about the key technologies used in the manufacturing process of your ready-mix concrete?
We have equipped our plants with various technologies to enhance efficiency and sustainability. These include concrete recycling plants for reusing waste concrete, dust filters for absorbing dust at silos for reuse, vehicle tracking systems for transparent service, quality management systems for quality assurance, advanced batching systems for accuracy in customer orders and filter press for water reuse.

What is the ratio of M-Sand or manufactured sand used in your concrete mix?
We plan to use ~29 per cent manufactured sand in our concrete mix.

How do you incorporate sustainability in your products?
We plan to make ~85 per cent of Bangur concrete using flyash and GGBS, two environmentally sustainable choices which emit less carbon dioxide. Additionally, we intend to use Construction and Demolition (C&D) waste as a raw material in our concrete, addressing environmental issues related to its disposal.

What are the major challenges faced by your concrete brands from manufacturing to delivering stages?
Major challenges that we face include traffic restrictions, space constraints for setting up plants in proximity to the city, changing construction schedules (such as night pours), meeting strict supply windows and navigating changing government norms like NGT ban in Delhi NCR. Additionally, the longer distance between RMC plants and major development areas due to unavailability of industrial lands poses another challenge. However, we have an excellent team in place who are well positioned to find sustainable and logical solutions to challenges that come our way.

What does the near future hold for the ready mix concrete vertical of your organisation?
One of the biggest contributions to our nation’s economy comes from the construction industry where concrete plays a very important part. Ready mix concrete (RMC) is crucial for speedy construction with consistent quality assurance. In India, RMC accounts for 20 per cent of construction consumption, whereas in developing nations it is as high as 75 per cent. We are optimistic that India will soon bridge this gap, boosting the country’s growth and development.
Shree Cement is one of India’s leading cement manufacturers. Foraying into the RMC business will propel us forward in our journey to becoming a multi-product company poised to play a significant role in shaping our country’s vision of having world class infrastructure across sectors like airports, ports, metro, roads, railways, etc. Shree Cement will set up ~100 Bangur concrete plants in the next three years, generating ~3000 direct and indirect employment opportunities. We will be operating in ~50 cities to serve our customers in various segments.

  • Kanika Mathur

Concrete

Cement Makers’ Margins To Fall Rs 50-75 Per Tonne Amid West Asia Conflict

Crisil Sees Margins Easing Despite Steady Demand

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Crisil said operating margins of Indian cement manufacturers are expected to decline by Rs 50-75 per tonne (t) this fiscal to Rs 925-950 per t due to higher input costs triggered by the West Asia conflict. The analysis covered 18 cement companies accounting for nearly 90 per cent of India’s domestic cement capacity and noted margins had improved sharply to around Rs 1,000 per t in fiscal 2026.

Crisil noted that the reduction would be driven mainly by higher power and fuel costs, which account for about 30 per cent of total costs, as petcoke and imported coal prices have surged amid geopolitical uncertainties. Freight costs, which account for about a quarter of total costs, are also expected to remain elevated because of higher diesel prices. The impact on profitability is likely to be more pronounced in the first half of the fiscal year before easing commodity prices moderate cost pressures later.

The rating agency said steady domestic demand and strong balance sheets should keep credit profiles stable despite the moderation in margins. Green energy currently accounts for 35-40 per cent of the sector’s total electricity consumption and is expected to partly cushion higher energy costs. Operating cash flows are likely to remain resilient, supported by projected 6-7 per cent growth in cement demand this fiscal.

Crisil highlighted that demand growth will be driven primarily by infrastructure spending, which meets about one-third of sector consumption, and by a nearly 18 per cent higher budgetary allocation for core ministries that should support project execution. Weaker rural housing demand amid pressure on agricultural incomes from a possible below-average monsoon may be offset by improved urban housing demand supported by favourable home-loan rates and a strong pipeline of Pradhan Mantri Awas Yojana-Urban projects. Ongoing capacity additions will keep capital expenditure elevated and may lift net debt to EBITDA to between 1.2 and 1.4 times from around 1.0 time last fiscal, though ratios are expected to remain healthy.

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Concrete

UltraTech Board Approves Rs 50 bn Fundraise Via NCDs

Company to issue half a million debentures for expansion plan

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UltraTech Cement’s board of directors has approved raising Rs 5,000 crore (Rs 50 bn) through non?convertible debentures issued in rupees.

The finance committee cleared a proposal to issue up to 500,000 fully paid, unsecured, listed, rated, redeemable, rupee?denominated, non?convertible, non?cumulative debentures of Rs 1 lakh each (Rs 0.1 mn each), aggregating to the Rs 5,000 crore programme.

As of June 2026 the firm reported net debt of Rs 15,875 crore (Rs 158.75 bn) and said its capacity expansion projects under execution are backed by capital expenditure of about Rs 17,000 crore (Rs 170 bn) over the next two to two?and?a?half years.

UltraTech spent Rs 9,500 crore (Rs 95 bn) on capital expenditure in financial year 2026 and in April the group crossed 200.1 mn tonnes per annum of domestic grey cement capacity and 205.5 mn tonnes per annum of global capacity.

The chief financial officer indicated the company would take consolidated capacity beyond 242 mn tonnes per annum, with grey cement capacity reaching 212.7 mn tonnes per annum by the end of financial year 2027. He noted the net debt?to?earnings before interest, taxes, depreciation and amortisation ratio stood at 0.87 times as of June 2026 and the company was confident of ending financial year 2027 with the ratio below one time.

In the first quarter of financial year 2026?27 UltraTech’s net profit attributable to owners rose 16.8 per cent year?on?year to Rs 2,599.3 crore (Rs 25.993 bn) and revenue from operations increased 15.9 per cent to Rs 24,648.20 crore (Rs 246.482 bn). The board approval is expected to complement internal cash flows as the company advances its expansion programme.

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Concrete

Lokesh Lays Stone For Rs 31 Billion Cement Unit In Kadapa

Line-2 expansion to make Kadapa a major cement hub

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Andhra Pradesh Education and IT Minister Nara Lokesh on Wednesday laid the foundation stone for the Line-2 expansion of Dalmia Bharat Cement at Chinnakomerla village in Mylavaram Mandal in Kadapa district. The project carries an investment of Rs 31 billion (bn) and is slated for completion by the third quarter of the financial year 2028. The expansion is intended to boost industrial growth and employment generation across the Rayalaseema region.

Once commissioned, the Kadapa facility will become Dalmia Bharat’s largest integrated cement manufacturing ecosystem in southern India, creating over 1,000 direct and indirect jobs and opening new business avenues for regional micro, small and medium enterprises and transport operators. Lokesh said the expansion signalled growing corporate confidence in the state and reflected the practical ease of doing business that secured repeat investment.

He placed the project within the government’s wider economic targets and recalled the Yuvagalam padayatra commitment to generate two million (mn) jobs within five years, noting that the state would cultivate talent while industry created opportunities. Lokesh highlighted Andhra Pradesh’s competitive pursuit of major manufacturing accounts, mentioning past successes and a personal initiative to engage global investors when persuading them to anchor expansion in the state.

The plant will leverage Kadapa’s abundant limestone reserves to scale production and sustainability. Clinker capacity is planned to rise from two point five million tonnes per annum (mn tpa) to six point one mn tpa, while overall cement output will increase from three point six mn tpa to nine point six mn tpa. The unit is designed to operate on over eighty per cent renewable energy and deploy waste heat recovery, zero liquid discharge, water recycling and advanced AI systems to optimise efficiency. Industries Minister TG Bharat, BC Welfare Minister S. Savitha and Jammalamadugu MLA C. Adinarayana Reddy attended the ceremony.

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