Cement News tagged under: Shree Cement

RSS feed

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.

Shree Cement orders equipment for new greenfield project

12 October 2021, Published under Cement News

India’s Shree Cement has contracted FLSmidth for a new greenfield project, including the world’s largest Cross-Bar ® Cooler, an OK TM cement mill and JETFLEX ® Burner. The new line will be located near Nawalgarh, Rajasthan, and encompasses a 11,500tpd pyroprocessing system with a six-stage preheater and three-support kiln.   “It is great to further strengthen the collaboration with Shree Cement, not only on growing their business, but doing it in a sustainable way. The new line in Raja...

Shree Cement announces INR47.5bn investment plan

15 September 2021, Published under Cement News

India’s Shree Cement has announced an INR47.5bn (US$645m) investment plan, which includes solar power projects, an integrated cement plant and a grinding works. Around INR5bn will be used to set up solar power plants at its cement works across the country by September 2022, while INR7.5bn has been allocated to a clinker grinding project in Purulia, West Bengal, through its Shree Cement East subsidiary. "The cement demand-supply situation in West Bengal appears quite favourable and thus, ...

Shree Cement appoints new chief sustainability officer

12 August 2021, Published under Cement News

India’s Shree Cement has appointed Shrinath Savoor as its new chief sustainability officer (CSO), with effect from 9 August 2021. The new CSO will steer the company efforts towards strengthening its sustainability and ESG value proposition. "The appointment will help bring a more focussed approach in its drive towards catalysing sustainability as a major driver of its growth. It is a reflection of SCl's efforts to reinforce its sustainability credentials and boost stakeholder engagemen...

Shree Cement sees 79% net profit increase

11 August 2021, Published under Cement News

India’s Shree Cement has reported a 46.6 per cent rise in gross revenue from operations to INR44.01bn (US$591.47m) for the first quarter of the FY21-22, compared to INR30bn in the year-ago period. Total income also increased 46.1 per cent YoY to INR35.89bn from INR24.57bn, while net profit climbed 78.5 per cent to INR6.61bn. Cement volumes advanced 41 per cent YoY to 6.79Mt while clinker sales were down 62 per cent YoY, holding overall volume growth to 39 per cent YoY at 6.84Mt, according ...

Shree Cement about to start building West Bengal grinding plant

29 July 2021, Published under Cement News

Shree Cement is preparing to start work on its INR6bn (US$80.5m) grinding unit in Bengal within a month. The new plant will have a cement grinding capacity of 3Mta which will raise the group’s cement capacity to 47Mta when complete. "This will be our first plant in Bengal. In the east, we have plants in Odisha, Chattishgarh, Bihar and Jharkhand," said H M Bangur, Shree Cement’s MD. Mr Bagur added that business is reviving well in Bengal, "The growth in the state is higher than the nat...

Shree Cement to open 3Mta Pune grinding plant in September

19 July 2021, Published under Cement News

Shree Cement's 3Mta clinker grinding unit at Patas, Pune district in Maharashstra, India, is now expected to be completed soon with commercial production to commence in September, according to company official. The western Indian expansion, which sits on a 26.6ha plot, had been delayed due to the impact of the COVID-19 pandemic and right-of-way issues. The project, which represents an investment of over INR6bn (US$80.39m), will receive clinker from its group plant in Karnataka. In 2020...

Shree Cement records 22% revenue increase

26 May 2021, Published under Cement News

India’s Shree Cement has posted a 22.2 per cent YoY increase in standalone revenue from operations to INR39.31bn (US$540.6m) in the quarter ending 31 March 2021, against INR32.18bn in the year-ago period. Net profit advanced 30.5 per cent YoY to INR7.68bn from INR5.88bn. In the full-year period, revenue from operations climbed 5.7 per cent to INR125.88bn from INR119bn in the FY19-20. Net profit surged 40.8 per cent YoY to INR23.12bn.

Shree Cement starts commercial operation of Odisha grinding plant

16 March 2021, Published under Cement News

Shree Cement has started commercial operation of its new 3Mta cement grinding unit in Odisha. The new plant is located in Athagarh Tehsil, Cuttack District of Odisha, Shree Cement said in a regulatory filing. Shree Cement operates four integrated plants and 10 grinding plants in India as well as a 4.8Mt integrated plant in UAE. The company is building a new 3Mta grinding plant in Pune but has put on hold plans for a 5Mta greenfield grinding plant in Raghunathpur, West Bengal, India. ...

Shree Cement places WHR order

05 March 2021, Published under Cement News

India’s Shree Cement has placed an order for two WHR boilers from ISGEC Heavy Engineering for its Raipur plant. A PH boiler will be set up at the preheater exhaust, while an AQC boiler will be installed at the cooler exhaust from the facility’s 10,500tpd kiln. This is the second order Shree has placed with the engineering firm, according to a statement.