Kesoram Industries Ltd Partly Paidup (KILPP) — concall transcript | 30 September 2021

Kesoram Industries Limited, now a pure cement manufacturer, reported strong volume growth in H1 FY2022, selling 3.47 million tons (up 58% YoY) and achieving EBITDA of ₹339 crores (up from ₹234 crores). The company prepaid ₹55 crores of NCDs, raised ₹200 crores via rights issue (50% collected), and plans to reduce debt to improve borrowing costs. Capacity stands at 10.75 million tons operational, with plans to debottleneck and expand limestone reserves. Solapur packing plant launched in August 2021 to enhance market reach. Management highlighted operational efficiency, blended cement growth (51% volume increase), and confidence in managing rising power/fuel costs through pricing adjustments.