Star Cement Ltd

- For FY ’26, Star Cement plans a CAPEX of around Rs. 600 crores and Rs. 300-400 crores for FY ’27, primarily for expansions at Silchar and Jorhat grinding units and other projects. - Total CAPEX expected for a 3 million tons capacity greenfield project is around Rs. 2,000 crores, and about Rs. 4,000 crores for roughly 6 million tons capacity. - Current net debt stands around Rs. 400 crores. - No explicit mention of new debt or equity fundraising during the call. - Management emphasizes commitment to existing expansion plans and did not signal fresh fundraising; promoters are committed to current shareholding without further dilution. - The focus seems on executing ongoing CAPEX through internal accruals and existing resources rather than new fundraising.

- Star Cement targets to reach 20 million tons capacity by FY2030, with a current capacity at 7.7 million tons and an expected 12 million tons after adding 4 million tons from Jorhat and Silchar grinding units. - Major CAPEX for greenfield plants is around Rs. 900-1000 crores per 1 million tons. - The Jorhat expansion is planned for FY27; Silchar expansion is planned for FY26 with commissioning expected by December 2025. - Full CAPEX for Silchar will be executed during FY26; Jorhat project CAPEX spread over 1-2 years. - Rs. 440 crores CAPEX done in nine months; Rs. 200-250 crores planned for the current quarter. - FY26 CAPEX estimated at Rs. 600 crores; FY27 CAPEX at Rs. 300-400 crores. - AAC block project is in advanced stage and expected to commission this quarter. - Rajasthan project ongoing with land acquisition and exploration progressing; timeline and details to be shared later.

- Volume growth of around 7% to 8% is expected for the full year FY '25, with about 10% growth in Q4. - For FY '26, Star Cement targets a higher volume growth of 12% to 15%. - The company projects cement production to increase to around 5.4 to 5.5 million tons in FY '26 from around 4.7 million tons in FY '25. - The Northeast market demand is expected to grow, supported by significant infrastructure development with a government investment projection of around Rs. 1 lakh crores in Northeast. - Capacity expansion includes adding about 2 million tons at Silchar and Jorhat grinding units and a plan to reach 20 million tons capacity by 2030 through further expansions. - Stable or slightly positive pricing environment anticipated in Northeast, supporting revenue growth.

- Star Cement expects volume growth of around 7-8% for the full year FY25 and about 10% in Q4. - For FY26, the company targets revenue growth of 12-15%, driven by infrastructure development in Northeast India. - EBITDA is projected to be around Rs. 225-230 crores for FY25, with improvement expected in Q4 due to stabilization of new clinker units. - The company anticipates EBITDA per ton of Rs. 50 crores plus from the upcoming quarters. - Profitability in the Northeast remains strong, with focus on capacity expansion via new grinding units in Silchar and Jorhat. - The planned capacity expansion aims to reach 20 million tons by 2030, supporting revenue and operating profit growth. - Stable to slightly positive pricing outlook in Northeast markets supports margin stability. - Debt stands at Rs. 420 crores (gross) and Rs. 400 crores (net), manageable for future expansions.

The transcript provided does not mention any details regarding the current or expected order book or pending orders for Star Cement Limited. The focus of the discussion is primarily on production capacity, sales volumes, pricing, capacity utilization, market growth prospects, and financial performance. There is no specific information available about existing or upcoming orders or an order backlog in the provided document.