ICRA Projects Major Capacity Expansion by FY2028
Indian cement companies are on course to raise their green power capacity to between 5.8 GW and 6 GW by March 2028, according to ratings agency ICRA. The figure was reported at 5.8–6 GW by ET EnergyWorld and Saur Energy on 9 September 2026, and rounded to 6 GW by SolarQuarter on 9 September 2026 and Energetica India Magazine on 11 September 2026. Four outlets corroborate the broad trajectory; the precise figure differs slightly across sources, and the range 5.8–6 GW reflects that variation.
Scale of Cement Infrastructure Activity in India
The green power expansion sits alongside significant broader capital activity in the sector. Projects India tracks 1,038 live projects in the Cement & Asbestos sub-sector, of which 13 were added in the last 90 days. The pipeline spans integrated clinker plants, grinding units, precast facilities and white cement manufacture, with project values ranging from Rs 35 crore to Rs 4,200 crore in the sample of recently tracked schemes.
Stage Breakdown: Where Projects Stand
The stage distribution of tracked projects reveals a large volume of work still to convert into construction contracts. Of 1,038 tracked projects:
- 448 are Under Approvals — the largest single group, representing early-pipeline opportunities for technology, equipment and advisory suppliers.
- 207 are Completed.
- 137 are at Construction Started stage, where civil, mechanical and electrical contractors are most actively engaged.
- 80 are on Hold.
- 78 are at Planning stage.
- 49 have Approvals Received, meaning financial closure and procurement decisions may be imminent.
The 186 projects either at Planning or Approvals Received stages represent near-term pipeline that suppliers and contractors should monitor for tendering activity. Live tenders in Industrial Projects can be tracked here.
Geography: States Concentrating the Most Projects
Activity is distributed unevenly across states, with Andhra Pradesh, Rajasthan and Madhya Pradesh accounting for the largest shares of tracked projects:
| State | Tracked Projects |
|---|---|
| Andhra Pradesh | 143 |
| Rajasthan | 113 |
| Madhya Pradesh | 102 |
| Karnataka | 80 |
| Gujarat | 73 |
| Uttar Pradesh | 61 |
Suppliers and logistics providers targeting cement-sector work will find the heaviest concentration of projects in the south and west of India, with Andhra Pradesh alone accounting for roughly 14 per cent of all tracked projects in the sub-sector.
Selected Recently Tracked Projects
| Project | Promoter | Location | Value | Stage |
|---|---|---|---|---|
| Cement and Clinker Grinding Unit | Wonder Cement Limited | Jaisalmer, Rajasthan | Rs 4,200 crore | Construction Started |
| Integrated Cement & Clinker Plant | Dalmia Cement (Bharat) Limited | Malkangiri, Odisha | Rs 2,000 crore | Under Approvals |
| Cement Grinding Unit | The Shyam Sel & Power Limited | Paschim Barddhaman, West Bengal | Rs 1,661 crore | Construction Started |
| Cement Grinding Unit | Ambuja Cements Limited | Visakhapatnam, Andhra Pradesh | Rs 1,000 crore | Hold |
| Cement Plant | Shakambhari Ispat & Power Limited | Puruliya, West Bengal | Rs 400 crore | Hold |
| Precast Concrete Mfg Unit | Gaursons India Private Limited | Noida, Uttar Pradesh | Rs 100 crore | Construction Started |
| White Cement Grinding Unit | NGS Whitecements AP Private Limited | Suryapet, Telangana | Rs 35 crore | Construction Started |
What this means for suppliers and contractors
The ICRA forecast points to sustained capital expenditure by cement producers on energy infrastructure through FY2028, which translates into procurement demand for renewable energy equipment, electrical balance-of-plant works, and associated civil construction. For suppliers already serving cement plants, the green power expansion is an additional revenue opportunity within existing client relationships.
Beyond energy, the broader project pipeline — with 448 schemes under approvals and 49 with approvals received — indicates that a substantial volume of new cement manufacturing capacity is approaching the procurement stage. Andhra Pradesh, Rajasthan and Madhya Pradesh are the priority geographies by volume, though large individual projects in Odisha, West Bengal and Rajasthan are also at active stages.
Contractors focused on civil and mechanical works should note the 137 projects already at Construction Started, where subcontract packages and equipment supply orders are typically active. The full Industrial Projects sector overview provides broader context for those tracking adjacent opportunities. Suppliers seeking a comprehensive view of the pipeline can browse all tracked projects on Projects India.
Frequently asked questions
What is the target green power capacity for Indian cement companies by FY2028?
ICRA reported that Indian cement companies' green power capacity is set to reach between 5.8 GW and 6 GW by March 2028. The figure was corroborated by four outlets in September 2026, with minor variation in the precise number cited.
How many cement projects are currently tracked in India?
Projects India tracks 1,038 live projects in the Cement and Asbestos sub-sector. Of these, 137 are at Construction Started stage, 448 are Under Approvals, and 49 have Approvals Received, indicating a substantial near-term pipeline.
Which states have the most cement projects in India?
Based on tracked projects, Andhra Pradesh leads with 143 projects, followed by Rajasthan with 113, Madhya Pradesh with 102, Karnataka with 80, Gujarat with 73, and Uttar Pradesh with 61.
What is the status of Dalmia Cement's Odisha plant?
Dalmia Cement (Bharat) Limited is developing an Integrated Cement and Clinker Plant at Malkangiri, Odisha, valued at Rs 2,000 crore. The project is currently at the Under Approvals stage according to Projects India data.
