Shree Cement

#1466

Rank

$10.66B

MarketCap IN

IN India

Country

Summary
Shree Cement Limited manufactures and sells cement and clinker in India and internationally. It offers cement under the Roofon, Bangur Power, Shree Jung Rodhak, Bangur Cement, and Rockstrong brand names. The company also engages in the generation of power with a total capacity of 771 megawatts through thermal, waste heat recovery, solar, and wind power plants. Further, it produces autoclaved aerated concrete blocks, a lightweight and precast building material. Shree Cement Limited was incorporated in 1979 and is based in Kolkata, India.

History

In 1979, BG Bangur incorporated Shree Cement. In 1983 they commissioned its first plant in Rajasthan and in 1985 it began production. Until then a family business, in 1995 BG Bangur’s family gained full control of the business. The current head of the company is 70-year-old Hari Mohan Bangur, who had joined his father, BG Bangur since he graduated from IIT Bombay in 1975. Nineteen years ago, in 2003, HM Bangur’s son Prashant Bangur too joined the business.In November 2019, the company had raised Rs 2,399.99 crore through a qualified institutional programme at a share price of Rs 19806.46. Nearly two years later, post fund-raising in September 2021, the company announced to the bourses that it is pumping capital as part of its capex expansion plan. The company has announced it will invest Rs 4,750 crore until FY 2024. It has commissioned an integrated cement plant at Nawalgarh, Rajasthan, which will be operational by December 2023. The Rajasthan plant consists of 3.5 MTPA cement and 3.8 MTPA clinker facility. The capex also includes a 3 MTPA clinker plant near Purulia, WB.


Mission
Shree Cement’s mission is to continually strive for excellence in everything that we do. We aim to provide an environment where our employees are encouraged to challenge the status quo and find innovative solutions. We strive to create value for all our stakeholders, with a focus on sustainability and growth.

Vision
Our vision is to be the most respected and preferred brand of cement in India. We aim to achieve this by ensuring quality and consistency in our products, while continuously keeping the environment safe and healthy. We also strive to keep growing in our efforts to create value for all our stakeholders.

Key Team

Mr. Diwakar Payal (Pres of Marketing)

Mr. Shyam Sunder Khandelwal (Compliance Officer, Company Sec. & Chief Investor Relations Officer)

Mr. Vinay Saxena (Sr. VP of Operations)

Mr. Kamlesh Kumar Jain (VP of Accounts & Contract Cell)

Mr. Manoranjan Kumar (Chief Information Officer of IT & ERP)

Mr. Kirit Chhaganlal Gandhi (Joint Pres of Material Management)

Mr. Arvind Khicha (Joint Pres of Commercial)


Recognition and Awards
Shree Cement is the proud recipient of several prestigious awards and accolades, such as the State Quality Award from the Quality Council of India in 2017, and the World's Most Ethical Companies award from the Ethisphere Institute in 2017. We have also received the Prime Minister’s National Award for Excellence in Quality in 2014.

References
Shree Cement
Leadership team

Mr. Subhash Jajoo (Chief Fin. Officer)

Mr. Prakash Narayan Chhangani (Whole Time Director)

Mr. Neeraj Akhoury (MD & Director)

Products/ Services
Building Material, Construction
Number of Employees
1,000 - 20,000
Headquarters
Kolkata, West Bengal, India
Established
1979
Net Income
100M - 500M
Revenue
Above - 1B
Traded as
SHREECEM.NS
Social Media
Fri Mar 01 2024
About

businessabc offers a global business, SMEs wiki directory blockchain, NFTs, AI powered marketplace for businesses worldwide.

Follow Us
Produced by
In collaboration with
Logo

Copyright 2023 © businessabc powered by ztudium