Kindly find enclosed herewith the Press Release w.r.t. the completion of expansion of the cement capacity of the company to 1 million TPA.
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Shri Keshav Cements & Infra has completed its major cement capacity expansion, taking total capacity to 1 million tonnes per annum (TPA). Commercial operations at the expanded facility commenced on November 29, 2025. This effectively more than doubles its earlier capacity of around 1,100 TPD (~0.4 million TPA) across its two plants in Bagalkot, Karnataka. The company manufactures 43 and 53 grade Ordinary Portland Cement under brands Jyoti Power, Jyoti Gold, and Keshav Cement, and also runs a 40 MW solar power business (selling 26 MW surplus). For FY25, the company reported total revenue of ₹124.60 crore and EBITDA of ₹25.17 crore. The expansion is aimed at tapping rising cement demand in North Karnataka, Coastal Karnataka, Goa, and Maharashtra.
Positive for shareholders — production potential more than doubles, supporting future revenue growth, though near-term margins may face some pressure as fixed costs ramp up before full utilization. Stock may react positively given the clear capacity-led growth story.