SHREE CEMENT · Material risks, their source context, and severity in the latest available quarter.
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Risk intelligence
Management acknowledged prices are always under pressure and realizations declined 4% YoY. With competitors adding capacity and some peers targeting market share gains, pricing discipline remains challenged.
State government incentives for the INR 7,000 crore CapEx program have not been finalized. Management stated negotiations are ongoing, making project economics uncertain until agreements are locked.
Annual specific heat consumption increased from 719 kcal/kg in FY2019 to 751 kcal/kg in FY2023. Management attributed this partly to alternative fuel usage but acknowledged need for improvement through 'WeLead' campaign.
Income Tax Department conducted a survey (June 21-26) at multiple locations; Ministry of Corporate Affairs issued inspection notice under Section 206(5). Management declined to provide details, citing ongoing inquiry stage.
