India Cements Posts 34.3% EBITDA Growth in Q2 FY27
India Cements reported EBITDA of Rs 148 crore for the second quarter of financial year 2027, a year-on-year increase of 34.3%, as reported by Sahi on 17 October 2026. No further breakdown of the result — including revenue, volumes or cost drivers — was available from the source at the time of publication.
The result places India Cements among cement producers reporting improved operating performance in a period during which capital investment across the broader sector remains substantial. Projects India tracks 1,043 live cement and asbestos projects across the country, with 11 new projects added to the database in the last 90 days alone.
Key Financial Data
| Metric | Detail |
|---|---|
| Company | India Cements |
| Period | Q2 FY27 (July–September 2026) |
| EBITDA | Rs 148 crore |
| EBITDA Growth (YoY) | 34.3% |
| Source | Sahi, reported 17 October 2026 |
Cement Sector Investment Pipeline: Geography and Stage
The broader cement capital expenditure pipeline in India remains active. Of the 1,043 projects tracked by Projects India in the cement and asbestos sub-sector, the largest concentrations by state are in Andhra Pradesh (144 projects), Rajasthan (113), Madhya Pradesh (103), Karnataka (81), Gujarat (73) and Uttar Pradesh (61). These six states alone account for the majority of tracked project activity.
By development stage, 449 projects are currently under approvals — the single largest cohort — followed by 207 completed projects, 138 under active construction, 81 on hold, 78 in planning and 49 with approvals already received. The 138 projects in the construction-started stage represent near-term demand for equipment, materials and contracting services.
Recent projects added to the database illustrate the scale of commitments being made across the country. JK Lakshmi Cement Limited is promoting a new cement plant at Umrangso, Assam, valued at Rs 11,000 crore and currently under approvals. My Home Industries Private Limited is promoting a Rs 2,597 crore cement plant at Gamalapadu, Palnadu in Andhra Pradesh, also under approvals. Ambuja Cements Limited has a Rs 1,000 crore cement grinding unit at Pedagantyada, Visakhapatnam on hold, while The Shyam Sel and Power Limited has a Rs 1,661 crore cement grinding unit in Paschim Barddhaman, West Bengal, with construction started.
Smaller projects also reflect broad geographic spread. A Rs 57 crore cement plant at Hobli, Koppal, Karnataka promoted by Tungabhadra Ethanol Private Limited is in the construction-started stage, and a Rs 57 crore expansion of a cement grinding plant in Srinagar, Jammu and Kashmir by Khyber Industries Private Limited is currently on hold. A Rs 531 crore limestone and clinker plant at West Singhbhum, Jharkhand promoted by Feegrade and Company Private Limited is also on hold.
Sector Context: Recent Commissioning Activity
India Cements' result comes as several large cement producers continue to invest in capacity and supporting infrastructure. JSW Cement recently commissioned a 1 MTPA grinding unit in Nagaur, Rajasthan, while UltraTech Cement crossed 2 GW of captive green energy capacity, signalling continued capital deployment across the sector beyond pure clinker and grinding investments.
What this means for suppliers and contractors
For suppliers, contractors and equipment makers active in the cement sector, the combination of India Cements' improved EBITDA and the broader project pipeline points to sustained demand for capital goods and services. With 449 tracked projects currently under approvals, a significant volume of work is approaching the stage at which procurement decisions are made. Andhra Pradesh, Rajasthan and Madhya Pradesh — the three states with the highest project counts — represent priority geographies for early engagement.
The 138 projects already in the construction-started stage represent the most immediate near-term opportunity, spanning plant equipment, civil works, electrical installations and logistics. The 78 projects in planning and 49 with approvals received are the next wave entering active procurement. Suppliers able to position themselves ahead of the approval-to-construction transition in the pipeline's largest states are likely to find the most competitive opportunity.
Full details on tracked projects across all stages are available on the Projects India industrial projects sector page.
Frequently asked questions
What was India Cements' EBITDA for Q2 FY27?
India Cements reported EBITDA of Rs 148 crore for Q2 FY27, representing a year-on-year increase of 34.3%, as reported by Sahi on 17 October 2026. No further financial breakdown was available from the source at the time of publication.
How many cement projects are currently active in India?
Projects India tracks 1,043 live cement and asbestos projects across India. Of these, 449 are under approvals, 138 have construction started, and 78 are in the planning stage, with Andhra Pradesh, Rajasthan and Madhya Pradesh hosting the highest concentrations.
Which states have the most cement projects in India?
Based on Projects India data, Andhra Pradesh leads with 144 tracked cement and asbestos projects, followed by Rajasthan with 113, Madhya Pradesh with 103, Karnataka with 81, Gujarat with 73 and Uttar Pradesh with 61.
