Shree Cement announces investment plans
India’s Shree Cement Ltd has announced a INR35bn (US$519.79m) capital expenditure budget for the current financial year. The amount includes INR20bn which will be spent to concl...
Shree Cement
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Shree Cement to acquire railway siding operator
The board of India’s Shree Cement Ltd has approved the acquisition of Raipur Handling and Infrastructure Pvt Ltd, a private railway siding operator, for INR590m (US$8.8m).
Shree Cement reports 31% increase in net profit
India’s Shree Cement has reported a 31.1 per cent YoY rise in standalone net profit for the quarter ending 31 March 2018, increasing to INR3.99bn (US$60.14m) from INR3.04bn. Net...
Shree Cement commissions New Bihar cement plant
Shree Cement has commissioned a 2Mta grinding plant called the 'New Bihar cement plant', which is located at Aurangabad in the state of Bihar, India. The company has recently co...
Shree Cement commissions grinding unit
Shree Cement has commissioned a new grinding unit in Sri Ganganagar, Rajasthan. The new facility has a capacity of 3.6Mta. In the 3Q17 the company reported a net profit increase...
Shree breaks into its first international market
This week, Shree Cement made a bold move to buy a 93 per cent stake in Union Cement Co PSC (UCC) for an enterprise value of US$305.24m. It is a major transaction for the Indian ...
Shree Cement to acquire 93% stake in Union Cement
Shree Cement Ltd announced on Thursday that it had agreed to acquire a 92.83 per cent stake in Union Cement Co PSC, for an enterprise value of US$305.24m, according to the Hindu...
Indian cement companies expected to raise prices
Indian cement companies are expected to raise cement prices in reaction to the recent ban on petcoke and furnace oil, which came into effect in Uttar Pradesh, Haryana and Rajast...
Shree Cement sees narrowing margins despite drop in fuel cost
Shree Cement Ltd’s power and fuel cost per tonne has dropped, according to a report by Mint. However, the falling cost of fuel over the third quarter of 2017 has not had much of...
MOU signed for Shree Cement to investigate potential new plant in Jharkhand
The Jharkhand government has signed MoUs with Mineral Exploration Corporation Ltd (MECL) for undertaking mineral exploration to identify prospective mineral blocks with Shree Ce...