Cement News tagged under: Shree Cement

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Shree Cement records 37% net profit increase

16 August 2019, Published under Cement News

India’s Shree Cement has reported a six per cent YoY increase in consolidated revenue for the quarter ending 30 June, rising to INR33.54bn (US$470.4m) from INR31.63bn. Net profit surged 36.8 per cent to INR3.82bn from INR2.79bn. The cement segment saw an 8.5 per cent rise in revenue to INR31.15bn, compared with INR28.69bn in the year-ago period. While cement sales volumes contracted 13 per cent to 6.1Mt, this was offset by higher prices. Standalone revenue recorded a modest decline of 2.4...

Shree Cement awards Gebr Pfeiffer with new order

08 August 2019, Published under Cement News

India’s Shree Cement has awarded Gebr Pfeiffer with an order to equip its grinding plant in Pune, Maharashtra. The MVR 6000 C-6 mill can alternately produce 300tph of OPC at a fineness of 3100 cm²/g according to Blaine, PPC containing as much as 35 per cent of fly ash to a fineness of 3500cm²/g, or 180tph of GGBFS at a fineness of 4500cm²/g. The unit will be equipped with a 6700kW drive. A previous MVR 6000 C-6 mill order for Shree Cement Gebr Pfeiffer SE will supply the core co...

Targeting digital innovation

12 July 2019, Published under Cement News

This week, LafargeHolcim announced that it is launching its 'Plants of Tomorrow' project. The implementation of the Internet of Things (IoT) and smart technology is already having a big impact on the thinking of what can be achieved in the way of cost reductions and efficiency gains for the cement sector. Manufacturing companies have been quick to embrace cloud technology, although controlling the budget spend is often a challenge. Findings of a Nutanix Enterprise Cloud report recently s...

Shree Cement commissions 2.5Mta of grinding capacity

28 June 2019, Published under Cement News

India’s Shree Cement has commenced commercial production at its new 2.5Mta grinding unit in Seraikela-Kharsawan district, Jharkhand. The fresh capacity is one of a number of new grinding projects that the company set out to commission by 2020. Last month, it also announced plans to add 3Mta of capacity to its unit in Pune .

Shree Cement sees 14% revenue increase and plans new capacity

20 May 2019, Published under Cement News

India’s Shree Cement has announced a 19.6 per cent YoY fall in net profit to INR3.21bn (US$46.18m) for the 4QFY18-19. However, revenue increased 14.2 per cent to INR33.29bn from INR29.15bn. The company’s cement segment recorded a 16.9 per cent increase in revenue to INR32.84bn from INR28.11bn. Meanwhile, the company has also announced plans to add 3Mta of grinding capacity to its unit in Pune, Maharashtra. The project is expected to be completed by September 2020 and represents an invest...

The road to net-zero

08 May 2019, Published under Cement News

Shree Cement, one of India's top three cement producers with a production capacity of 35Mta, has announced its commitment to set a science-based target to cut its greenhouse gas (GHG) emissions and help tackle climate change. The company follows two other leading Indian cement producers, Dalmia Cement and Ambuja Cement in setting science-based targets and provides "a powerful signal of change", according to global non-profit coalition We Mean Business. However, is reaching net-zero emission...

Shree Cement records 21% revenue increase

23 January 2019, Published under Cement News

India's Shree Cement has announced that its net profit fell 10 per cent YoY in the third quarter of FY18-19 ended 31 December, declining to INR3.01bn (US$42.28m) from INR3.33bn of the year-ago period. However, the company’s revenue advanced 21 per cent to INR27.81bn compared with INR23.02bn of the 3QFY17-18. EBITDA grew 25 per cent YoY to INR7.1bn from INR5.7bn, while the operating margin saw a slight increase to 25.6 per cent from 24.7 per cent of the same quarter last year. Shree Cement...

Shree Cement commissions clinker line at Karnataka

27 December 2018, Published under Cement News

Shree Cement (India) has commissioned the clinker section of its 3Mta integrated cement plant at Kodla village in the Kalaburagi District of Karnataka. Shree Cement is one of India’s most rapidly expanding cement companies, with its principal cement manufacturing operations located in six states across north and eastern India.

Gebr Pfeiffer sells first TRT Triples dryer in India

16 October 2018, Published under Cement News

Three Cement has ordered a Gebr Pfeiffer TRT 5000/8/0 Triplex dryer from Gebr Pfeiffer. The equipment will be used to reduce the company's FGD gypsum to a mixture content of below two per cent. This will enable the artificial gypsum to be processed oil other cement plants in the future with the weight of the product being reduced. Gebr Pfeiffer (India) Pvt Ltd will install the 50th dryer plant at the end of 2018, with commissioning expected in spring 2019. Three Cement also plans to partia...

Shree Cement to set up 3Mta grinding plant in Cuttack

14 August 2018, Published under Cement News

Shree Cement is setting up a 3Mta cement grinding unit at Chandrabali village, Shyampura, in Cuttack district of Odisha. The INR452,550m (US$2m) facility is being constructed by Petron Engineering Construction. The scope of the contract includes civil work of plant building, silos and miscellaneous work for the project. Chief Minister of Odisha, Naveen Patnaik, performed the ground breaking ceremony in 2017. The project is expected to generate employment opportunity for 243 people Comm...