Shree Cement
#1497
Rank
$11.5B
Marketcap
India
Country
Mr. Subhash Jajoo (Chief Fin. Officer)
Mr. Prakash Narayan Chhangani (Whole Time Director)
Mr. Neeraj Akhoury (MD & Director)
Summary
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
Vision
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
References
Mr. Subhash Jajoo (Chief Fin. Officer)
Mr. Prakash Narayan Chhangani (Whole Time Director)
Mr. Neeraj Akhoury (MD & Director)