Strategic priorities and progress
Foundation for
Sustained Growth

Our strategic priorities serve as guiding star towards the success path. Our clear focus on innovation, customer- centricity, and operational excellence as well as sustainability and digital transformation underpins our strategy ensuring long-term growth and resilience.

Focus
areas

Resource allocation
in 2023

Progress
in 2023

Linkage to
material issues

Key risks
impacting strategy

Accelerating growth

Strengthen market position through capacity expansion - greenfield and brownfield

Growth and Efficiency Capex: ₹ 1,811 CRORE

  • Undertaken ambitious plan to double cement capacity by 2028
  • Commissioning of 14 MTPA blended cement in Maharashtra, Chhatisgarh, Uttar Pradesh and West Bengal with WHRS capacity of 42 MW
  • Economic performance
  • Sustainable development
  • Elevated global energy prices and supply chain disruptions
  • Macro instability due to geopolitical shocks
  • Expected global slowdown

Leading in sustainability and innovation

Reinforcing our leadership by conducting business with responsibility and in a sustainable and inclusive manner along with introduction of responsible products

Environment related spending ₹ 84 CRORE

  • Waste heat recovery projects already installed across sites, further in progress across plants
  • Committed to community development; CSR spend beyond the mandated threshold
  • Emerged as 8x water positive
  • Thermal Substitution Rate (TSR) increased to 6.36%
  • Greenhouse Gas (GHG) emissions and climate change
  • Air emissions, Waste management, Circular economy (AFR)
  • Sourcing of water
  • Biodiversity
  • Corporate Social Responsibility
  • Climate change
  • Policies and regulations
  • Product responsibility
  • Local communities

Delivering superior performance

Ensuring superior performance of our existing portfolio through premium products, cost efficiency projects, enhancing our people capabilities and digitalisation of systems and processes

Employee benefit expenses ₹ 800.16 CRORE

  • Share of premium products in revenue increased 150 BPS
  • 8 man-hours of training provided per employee for employee development
  • Economic performance
  • Attraction and retention of talent
  • Inflation
  • Cyber security
  • Employee retention

Expanding solutions and products

We will continue to scale up volumes and revenue and strengthen our position in products and solutions segments

Sustained investments in innovation

  • Sale of solutions generated revenues of ₹ 106 crore
  • Customer satisfaction
  • Sustainable constructions
  • Product innovation
  • Market acceptance