Shree Cement

Shree Cement is an Indian cement manufacturer founded in Beawar, Ajmer district, Rajasthan, in 1979. Now headquartered in Kolkata, it is one of the biggest cement makers in Northern India. It also produces and sells power under the name Shree Power (Captive Power Plant) and Shree Mega Power (Independent Power Plant).[2]

Shree Cement Limited
TypePublic
IndustryBuilding materials
Headquarters
Kolkata, West Bengal
,
India
Key people
Benu Gopal Bangur
(Executive Chairman)
Hari Mohan Bangur
(Managing Director)
ProductsCement
Revenue ₹13,142 crore (US$1.8 billion) (2020)[1]
₹2,225 crore (US$310 million) (2020)[1]
₹1,544 crore (US$220 million) (2020)[1]
Total assets ₹19,944 crore (US$2.8 billion) (2020)[1]
Total equity ₹13,133 crore (US$1.8 billion) (2020)[1]
Number of employees
6,185 (2020)[1]
Websitewww.shreecement.com

Turnover of the company for 2013-14 was ₹58.58 billion (US$820 million) and Net profit was ₹7.872 billion (US$110 million), 2012-13 was ₹55.90 billion (US$780 million) and net profit was ₹10.39 billion (US$150 million); 2011-12 was ₹34.53 billion (US$480 million) and Net profit was ₹2.097 billion (US$29 million); for 2010-11 it was ₹36.34 billion (US$510 million) and net profit was ₹6.76 billion (US$95 million); In 2008-09 the company posted a turnover of ₹21.29 billion (US$300 million) and generated operating profit of ₹2.603 billion (US$36 million).[3] Since 2006, it has more than quadrupled its production capacity both by expanding into new areas and increasing the capacities of the existing plants.[4] Shree Cement has been ranked 4th in 2017 Responsible Business Rankings developed by IIM Udaipur.Plants are located in Beawar, Ras, Khushkhera, Jobner (Jaipur) and Suratgarh in Rajasthan, Laksar (Roorkee) in Uttarakhand, Panipat in Haryana, Bulandshahar in UP, Raipur in Chhattisgarh and Aurangabad in Bihar.[5][6] Shree cements was clearly the second largest cement company in India (By Market Cap) in 2018.[7]

Shree Mega Power

The company produces and sells power under the brand name Shree Power and Shree Mega Power.[8]

Shree Power

The company has installed 120 MW captive power plants split into two locations (Beawar & Ras) to meet the complete power needs of a 15 million tonne Integrated Cement Plant. Commissioned 2x18 MW Greenfield Power Plant at Beawar in 2002 and running successfully. One 6 MW TG is also operating successfully with excess steam available from this 2x18 MW Power Plant. 4x18 unit is operational in RAS plant (40 km from Beawar). At same location 2x50 MW unit also exists and being fully operational. Company also believes in producing power from waste heat recovery methods (from Cement Kiln and preheat). Making a total of 265MW captive power along with 300MW independent.[9]

References
  1. "Shree Cement Ltd. Financial Statements". moneycontrol.com.
  2. "Shree Cement's Hari Mohan Bangur: On solid ground | Forbes India". Forbes India. Retrieved 16 December 2017.
  3. Shree, Cement. "Financial Reports". www.shreecement.in. Shreecement. Retrieved 19 March 2015.
  4. Business, Today (28 September 2014). "Concrete Growth". Business Today (Sept 2014). Businesstoday. News. Retrieved 19 March 2015.
  5. Shree, Cement. "Locations". www.shreecement.com. Shreecement.
  6. Chowdhry, Seema (18 September 2017). "Are businesses becoming more responsible?". livemint.com/. Retrieved 16 December 2017.
  7. "Top 8 Cement Companies Listed in India (By Market Cap)". InvestYadnya.in. January 2019.
  8. indiainfoline.com. "Cement Sector likely to benefit in the coming years". Retrieved 16 December 2017.
  9. http://www.shreecement.com
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