Shree Cement announces further expansion plans
Shree Cement has announced a new round of capacity expansions, which will take the company’s total cement production capacity to 55.9Mta. The cement producer currently runs 46.4...
Shree Cement
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Shree Cement posts 15% fall in profit
India’s Shree Cement has reported gross revenue from operations of INR59.98bn (US$724m) in the quarter ended 31 March 2023, up 16.8 per cent YoY. Profit of INR5.46bn (US$66.8m) ...
India adds 7Mta as expansion plans continue
India’s cement producers have added around 7Mta of cement production capacity in the last few weeks alone as their expansion plans continue. According to Argus Media, UltraTech ...
Indian cement volumes forecast to rise 6% in 4QFY22-23
India’s cement sector is expected to see growth in the 4QFY22-23 of around six per cent YoY and 13 per cent QoQ, according to a new report by Antique Stock Broking Ltd (ABS). In...
Shree Cement wins coal mine auction
India’s Shree Cement Ltd has been named as the highest bidder for the Datima Coal Mine Block, located in Surajpur Tehsil, Surguja District, Chattisgarh. The block was auctioned ...
Shree Cement resignation
India’s Shree Cement has announced that Prakash Narayan Chhangani has resigned as whole-time director of the company. His resignation is effective from 13 February 2023. Accordi...
Shree Cement YoY profit hit by fuel expenses
Shree Cement Ltd has reported total income of INR42,300.2m (US$513m) in the quarter ended 31 December 2022. This compares to INR39,374.9m in the previous quarter and INR36,618.9...
Oriano commissions solar projects for Shree Cement
India-based Oriano has commissioned two solar power projects for Shree Cement Ltd . The projects include a 10MWp at Seraikela Kharsawan, Jharkhand, and 30MWp (2 x 15MWp) at Bank...
Shree Cement plans new 3Mta unit in Karnataka
Shree Cement is planning to set up a cement grinding and bagging unit with a capacity of 3Mta at Doddaballapur in the Bengaluru Rural district of Karnataka. The project will ext...
Shree Cement reports 67% profit drop
Shree Cement Ltd has reported standalone revenue of INR37,810m (US$458.8m) in the quarter ended 30 September, 2022. This compares to INR32,058m in the same period a year earlier...