Stockrabit · Analysts
Questions across 2 calls

Siddharth Shah

MK Ventures

Cemindia Projects Limited

Cemindia Projects Limited CC-Apr26.pdf · 2026-04-30
Congratulations for a great set of numbers. Very happy with the performance in terms of execution, margins and order inflow, everything. Sir, my question was on the data center business. If you can kind of highlight how is it progressing? And what kind of orders we have won in the data center business and what is the potential here? And my second question is on the road tunnel projects, I think, which Adani Group has won as a group. So are we bidding for that project? What is the status there and by when we can expect an outcome? And third is an update on the Vadhvan project, which we have won. Is the execution starting? And next phases of Vadhvan, when is the bidding expected?
So sir, how much is our order book from data center business currently, including confirmed orders in L1?
Cemindia Projects Limited CC-Nov25.pdf · 2025-10-31
Sir, my first question is on the data center business. Mr. Basu, Adani Enterprises have been very aggressively guiding on their data center business. They are planning to reach 1 gigawatt capacity by 2030. And they have also kind of recently announced a tie-up with Google for almost INR15 billion investment over the next 5 years in Vizag. So these are large plants from the overall group level. How is our company kind of -- what kind of opportunity opens up for our company in the data center business because of this? And how are we kind of ramping up our system and our management bandwidth for this?
So that's very encouraging, sir. And second is, sir, overall, with the order inflow we have in place as well as L1 position, we are almost at INR11,000 crores till date. So the overall guidance of INR15,000 crores, is it very conservative because the way the ordering is yet to pick up and we expect it to pick up in second half. And I understand a lot of projects, again, the group has won in Bihar and roadway project, road project, a lot of projects they have won probably. So maybe some of it will come for execution to our company. So is this INR15,000 crores a bit conservative? Or is it realistic?