We are among the leading cement manufacturing companies in Eastern India. We have established a cement manufacturing capacity of 8.3 million ton per annum (“MTPA”) in our first four years of commercial operations, making us one of the fastest growing cement companies to achieve such feat amongst cement manufacturers operating in Eastern India. For the three months ended June 30, 2020, we had a market share of 7% in terms of cement sales volume, while our cement manufacturing capacity represented ~ 9% of the total installed capacity in Eastern India in Fiscal 2020. We currently operate four manufacturing plants and are in the process of expanding capacity, which subject to receipt of necessary approvals, is expected to result in an aggregate production capacity of 10 MTPA of cement and 3.5 MTPA of clinker by Fiscal 2022. We have an integrated cement manufacturing plant situated at Risda in Chhattisgarh, which has present capacity of 3.20 MTPA of clinker and 3 MTPA of cement (the “Risda Plant”). We commenced commercial production at this plant in December 2016. Our other operational plant is a cement grinding plant at Panagarh in West Bengal, which has an installed capacity of 2.50 MTPA of cement (the “Panagarh Plant”) and we commenced commercial production at this plant in December 2017. In September 2018, we acquired a cement grinding unit with an installed capacity of 0.8 MTPA in Bhabua, Bihar (the “Bhabua Plant”) and we are currently in the process of increasing its installed capacity to 2 MTPA. We have set up a new cement grinding plant at Kalinganagar, Jajpur, Odisha, which has an installed capacity of 2.50 MTPA of cement (with current approvals for production up to 2.00 MTPA) (the “Jajpur Plant”). We commenced commercial production at this plant in March 2020
Our manufacturing plants are strategically located in close proximity to the raw materials sources that we require for our operations and are well connected to our key markets by rail and road. We have a limestone mining lease adjacent to our integrated Risda Plant, where we operate a fully mechanized open cast mine and are able to extract sufficient quantities of limestone for our current clinker production requirements. At our Risda Plant, we have a 30 MW captive coal based power plant and a 12 MW waste heat recovery system which cater to our energy requirements. With a view to expand our geographic presence in India, we secured limestone reserves in Guntur, Andhra Pradesh by obtaining a mining lease. Further, we participated in non-coal auction and won two limestone blocks in Nagaur, Rajasthan. Securing of necessary statutory approvals for execution of mining leases is under process.