Shree Cement Limited is one of India's leading cement manufacturers, headquartered in Kolkata, West Bengal. Founded in 1979, the company has grown to become a major player in the Indian cement industry, known for its high-quality products and sustainable practices. Shree Cement is part of the Bangur Group, a prominent business conglomerate in India.
History
Shree Cement was incorporated on October 25, 1979, by the Bangur family. The company commenced commercial production at its first plant in Beawar, Rajasthan, in 1985. Over the years, Shree Cement has expanded its production capacity and geographic presence through organic growth and acquisitions, making it one of the largest cement manufacturers in India.
Operations and Products
Shree Cement operates several cement plants across India, with a significant presence in the northern and eastern regions. The company's product portfolio includes:
- Cement: Portland Pozzolana Cement (PPC), Ordinary Portland Cement (OPC), and Portland Slag Cement (PSC).
- Clinker: The company produces high-quality clinker for use in cement production.
- Power: Shree Cement also has captive power plants and engages in power trading.
As of 2024, Shree Cement's total cement production capacity stands at approximately 50 million tonnes per annum (MTPA). The company continuously invests in capacity expansion and modernization to meet the growing demand for cement in India and abroad.
Sustainability Initiatives
Shree Cement is recognized for its commitment to sustainability and environmental stewardship. The company has implemented several initiatives to reduce its carbon footprint and promote sustainable practices, including:
- Energy Efficiency: Use of waste heat recovery systems (WHRS) to generate power from waste heat, reducing greenhouse gas emissions.
- Alternative Fuels: Utilization of alternative fuels and raw materials (AFR) to replace conventional fossil fuels.
- Water Management: Adoption of rainwater harvesting, wastewater recycling, and efficient water management practices.
- Green Products: Development of eco-friendly cement products with lower environmental impact.
Awards and Recognition
Shree Cement has received numerous awards and accolades for its excellence in operations, sustainability, and corporate governance, including:
- National Awards for Energy Efficiency from the Bureau of Energy Efficiency (BEE).
- Awards for sustainability and environmental management from various industry bodies.
- Recognitions for corporate governance and financial performance.
Corporate Social Responsibility (CSR)
Shree Cement is actively involved in CSR activities aimed at improving the quality of life in the communities where it operates. The company's CSR initiatives focus on:
- Education: Establishing schools, providing scholarships, and supporting educational infrastructure.
- Healthcare: Organizing health camps, operating medical facilities, and supporting healthcare programs.
- Community Development: Enhancing rural infrastructure, promoting livelihood programs, and supporting community welfare projects.
- Environment: Planting trees, conserving biodiversity, and promoting environmental awareness.
Financial Performance
Shree Cement has consistently demonstrated strong financial performance, driven by its efficient operations, high-quality products, and strategic market positioning. The company is publicly listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) of India, with a market capitalization that reflects its status as a leading player in the cement industry.
Leadership
Shree Cement is led by an experienced management team under the leadership of H. M. Bangur, the Managing Director. The company’s leadership is focused on driving growth, innovation, and sustainability to maintain its competitive edge in the market.
Future Outlook
Shree Cement aims to continue its growth trajectory by expanding its production capacity, exploring new markets, and enhancing its product portfolio. The company is committed to sustainable development and innovation, positioning itself to meet the future demands of the construction industry while minimizing its environmental impact.
Related Questions
1. What is Shree Cement?
Shree Cement is one of India's leading cement manufacturers, headquartered in Kolkata, West Bengal. It is known for producing high-quality cement and promoting sustainable practices.
2. When was Shree Cement established?
Shree Cement was incorporated on October 25, 1979.
3. Where is Shree Cement headquartered?
Shree Cement is headquartered in Kolkata, West Bengal, India.
4. Who founded Shree Cement?
Shree Cement was founded by the Bangur family and is part of the Bangur Group.
5. What awards and recognitions has IIFL Securities received?What types of products does Shree Cement produce?
Shree Cement produces Portland Pozzolana Cement (PPC), Ordinary Portland Cement (OPC), Portland Slag Cement (PSC), and clinker. The company also engages in power generation and trading.
6. What is the production capacity of Shree Cement?
Shree Cement produces Portland Pozzolana Cement (PPC), Ordinary Portland Cement (OPC), Portland Slag Cement (PSC), and clinker. The company also engages in power generation and trading.
7. How has Shree Cement performed financially?
Shree Cement has demonstrated strong financial performance, driven by efficient operations, high-quality products, and strategic market positioning. The company is publicly listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) of India.
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