Cement News tagged under: Shree Cement

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Adani Enterprises replaces Shree Cement in Nifty50 on NSE

02 September 2022, Published under Cement News

Adani Enterprises is to be included in the headline index Nifty50 on the National Stock Exchange of India (NSE) from 30 September 2022, replacing Shree Cement . According to The Economic Times, shares in Adani Enterprises have rallied over 88 per cent so far this year, taking its market capitalisation to INR3680bn (US$46,127m). After Adani Ports, this is the second stock from Gautam Adani to be included in the Nifty. Meanwhile, shares in Shree Cement have fallen by almost 21 per cent s...

thyssenkrupp wins pyroprocessing orders in India

09 August 2022, Published under Cement News

thyssenKrupp Industrial Solutions India have been awarded contracts by Shree Cement and Hills Cement . The orders comprise the planning, engineering and supply of pyroprocessing plants, each including a Polytrack ® clinker cooler. Balasubramanian VN, director of thyssenkrupp Industries India's cement division, said: "The fact that Shree Cement and Hills Cement are working with us for the first time is of great strategic importance to us. We thank the management of both companies for...

Shree Cement targets improved distribution

07 July 2022, Published under Cement News

Shree Cement , India's country’s third-largest cement group, plans to increase its share in its existing markets by offering varied products based on requirements of different customers and improving distribution as a short-term goal.  “We are envisioning an increase in installed capacity to 80Mta by 2030, exploring new geographies through both the organic and inorganic routes,” Prashant Bangur, joint managing director, Shree Cement, told shareholders in the company’s annual report for F...

Perfect planning for Shree Cement's new Raipur clinker line

27 May 2022, Published under Cement News

Achieving its first clinker production in March 2022 , Shree Cement  says its new 9000tpd Line 3 at  Raipur  cement plant, India, was successful because it portrayed a perfect harmony in project planning. "It showed the commitment of Shree Cement and FLSmidth teams, combined with FLSmidth's technologies and process expertise," said Shree Cement. Prashant Bangur, joint MD of Shree Cement, adds, " It was an extraordinary teamwork between FLSmidth and Shree Cement to commission a large pr...

Shree Cement sees 4% increase in revenue in 1Q22

24 May 2022, Published under Cement News

Shree Cement has reported a 3.9 per cent YoY uptick in revenue to INR40.99bn (US$527.8m) in the opening quarter of 2022. Sales volumes over the same period slipped two per cent to 8Mt, while EBITDA declined to INR10.49bn, compared to INR13.04bn in the 1Q21. The EBITDA margin contracted from 31.97 per cent in the 1Q21 to 24.75 per cent this year.   According to BusinessLine Online, the growth in revenue is being attributed to price increases as cost pressures and inflation continue to ha...

Shree Cement starts commercial production at Baloda Bazar

29 March 2022, Published under Cement News

Shree Cement has started commercial production at company's Kiln No 3 clinkerisation unit at Baloda Bazar , near Raipur in Chhattisgarh, India. The facility has a clinker capacity of 12,000tpd (4Mta). Earlier on 16 March, the company announced that it commenced trial run of its new clinker unit. The plant augment company's clinker supply to its various grinding units in eastern region.

Shree Cement starts trials at Chattisgarh clinker unit

17 March 2022, Published under Cement News

India-based Shree Cement has started trial run of its new clinkerisation unit (Kiln 3) at its integrated plant in Baloda Bazar, near Raipur in Chhattisgarh. The Baloda Bazar plant currently has a clinker capacity of 5.2Mta and a cement capacity of 3Mta. Alongside the kiln, the company has also installed a waste heat recovery power plant.

Shree Cement awards FLSmidth digital transformation contract

03 February 2022, Published under Cement News

India-based cement producer Shree Cement has been upgrading 16 plants with 24 lines in total with FLSmidth ECS/PlantDataManagement packages to drive efficiency and deliver increased productivity. The digital transformation project also includes the downtime analysis solution, ECS/UptimeGo, and access to the mobile plant management app, SiteConnect. With an installed capacity of over 47Mta in India and the Middle East, Shree Cement aims to optimise production lines, minimise equipment downt...

Shree Cement plans new plant in Guntur

21 December 2021, Published under Cement News

India’s Shree Cement is planning to set up an INR15bn (US$198.52m) greenfield cement plant in Guntur, Andhra Pradesh. The project will be the company’s first plant in the state and is expected to complete in 24 months. The location was chosen as the growth rate in Andhra Pradesh is reportedly higher than the national average and is expected to improve further.

Foundation stone for Shree Cement's Punjab plant

16 December 2021, Published under Cement News

The Punjab Chief Minister, Charanjit Singh Channi, has laid the foundation stones of Shree Cement’s   Punjab plant at   Deh Kalan village, and a medical college at Ghabdan village with a total cost of INR1050m (US$13.7m). The chief minister said that the 5Mta project have an estimated cost of INR700m, and includes a captive railway siding. The plant site and rail siding have a total land area of 42ha and will require 32MW of power, he added.