Shree Cement
Indian cement demand is projected to grow by 6-7% in FY25, following a strong 7-8% YoY growth in the last quarter of FY24
Shree Cement Limited’s principal products/services are cement and clinker. The company's manufacturing operations are spread over North and East India with presence across approximately six states. It has a cement production capacity of 43.4 MTPA. The company has operations in Rajasthan, Uttarakhand, Bihar, Haryana, Chhattisgarh, and Uttar Pradesh. The company's brands include Shree JungRodhak, Bangur and Rockstrong. The company also operates a separate trading division catering to third party buyers and sellers. It produces synthetic gypsum to replace use of natural gypsum in cement manufacturing. Shree Global Pte. Ltd. is the subsidiary of the company. The company plans to increase its capacity at 12% compound annual growth rate (CAGR) to 80 million tonnes by FY26.
- Capacity: 44.4 million tonnes.
- Total consolidated income of Rs. 13,046.39 crore (US$ 1.77 billion) in FY21.
- Ranks third in terms of cement capacity.
Shree Cement
| Year | Milestone |
|---|---|
| 2024 |
Shree Cement is planning to invest Rs. 800 crore (US$ 92.1 million) to set up a cement plant in North-East Bihar with an annual capacity of 2 million tonnes. The company signed an MoU with the Bihar government during the Bihar Business Connect 2024 summit. Shree Cement Ltd is investing Rs. 2,000 crore (US$ 238 million) to establish two cement factories in Uttar Pradesh—one in Etah and another in Prayagraj—aiming to add 7 million tonnes per annum (MTPA) capacity within 24 months. The Etah plant, with a capacity of 3.5 MTPA, is expected to be operational in 12 months, while the Prayagraj plant will also have a 3.5 MTPA capacity, with production targeted to start in 24 months. |
| 2023 |
In December 2023, Shree Cement inaugurates its new 4.2 million tonnes per annum (MTPA) integrated cement plant at Nawalgarh, Rajasthan, significantly increasing its production capacity. In July 2023, Shree Cement Ltd announced the commencement of commercial production at its clinker grinding unit in Purulia district of West Bengal having an annual cement capacity of 3 MT. In June 2023, Shree Cement announced four planned capacity expansion projects that aim to increase its installed cement production capacity by 20% to 55.9 MT per year. |
| 2022 |
In September 2022, a 6.7 Mega Watts ground-mounted solar project was completed by Shree Cement Group in Haryana. In August 2022, an integrated cement unit of 3 million tonnes capacity is being set up in Andhra Pradesh. The project is estimated to complete by Q2 of 2024-25. In February 2022, Union Cement Norcem, situated in the United Arab Emirates, will be acquired by Shree Cement Group. |
| 2021 |
In September 2021, Shree Cement launch three projects that were valued at Rs. 4,806 crore (US$ 646 million). Of this, Rs. 3,541 crore (US$ 476 million) will be used to establish 3.8 MTPA cement plant in Rajasthan, while the remaining amount will be spent on establishing a grinding plant in West Bengal and installing solar power plants at various cement plants across the country that are valued at Rs. 759 crore (US$ 102 million) and Rs. 506 crore (US$ 68 million), respectively. Shree Cement announced its new cement grinding unit in Odisha having a manufacturing capacity of 3 million tonnes per annum has commenced commercial production. |
| 2020 |
Shree Cements offers cement free of cost to martyrs’ families, under the “Project Naman”. |
| 2018 |
Acquired 97.6% stake in UAE’s Union Cement Co (UCC). |
| 2017 |
Company undertook construction of two greenfield projects, one in West Bengal and the other near Cuttack in Odisha. |
| 2014 |
Shree Cement inaugurated new unit of 2 MTPA capacity at Bangur City, Ras, District Pali, Rajasthan. |
| 2011 |
World Economic Forum (WEF), Switzerland has identified the company as New Sustainability Champion. |
| 2002 |
Unit I and Unit II of the company receive National Award for 'Best Electrical Energy Performance' and 'Best Thermal Energy Performance' in the Cement Industry for the year 2000-01. |
| 1996 |
The company commissioned its second cement plant - Raj Cement with a capacity of 12.4 lakh tonnes per annum in Beawar. |
| 1991 |
The company undertook to set up a new cement plant of 0.6 million third-party administrator (TPA) capacity in Rajasthan. |
| 1985 |
Commercial production commenced from May 1st. |
| 1979 |
The company was incorporated on October 25th, at Jaipur. |
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