Shree Cement is an Indian

cement A cement is a binder, a chemical substance used for construction that sets, hardens, and adheres to other materials to bind them together. Cement is seldom used on its own, but rather to bind sand and gravel ( aggregate) together. Cement mi ...

manufacturer, founded in

Beawar Beawar () is a city in Beawar district of Rajasthan, India. Beawar was the financial capital of Merwara state of Rajputana. As of 2011, the population of Beawar city is 151152 (1 lakh fifty one thousand one hundred fifty two). It is located ...

Rajasthan Rajasthan (; Literal translation, lit. 'Land of Kings') is a States and union territories of India, state in northwestern India. It covers or 10.4 per cent of India's total geographical area. It is the List of states and union territories of ...

, in 1979. Now headquartered in

Kolkata Kolkata, also known as Calcutta ( its official name until 2001), is the capital and largest city of the Indian state of West Bengal. It lies on the eastern bank of the Hooghly River, west of the border with Bangladesh. It is the primary ...

, it is India's third largest cement producer by capacity and second largest cement company by market capitalisation. Shree Cement has an installed capacity of 50.9mt including overseas operations. It also produces and sells power under the name Shree Power (captive power plant) and Shree Mega Power (independent power plant).

History

Shree Cement was incorporated in 1979 by Benu Gopal Bangur. In 1983, it commissioned its first plant in

, with production beginning in 1985. In 1995, Bangur's family gained full control of the business. Bangur's son Hari Mohan Bangur, who had joined his father after graduating from

IIT Bombay The Indian Institute of Technology Bombay (IIT- Bombay or IIT-B) is a Public university, public research university and Institute of technology, technical institute in Powai, Mumbai, Maharashtra, India. IIT Bombay is mainly known for the hig ...

in 1975, is the current head of the company. In 2003, Hari Mohan Bangur's son Prashant Bangur too joined the business. In 2018, Shree Cement acquired

UAE The United Arab Emirates (UAE), or simply the Emirates, is a country in West Asia, in the Middle East, at the eastern end of the Arabian Peninsula. It is a federal elective monarchy made up of seven emirates, with Abu Dhabi serving as i ...

-based Union Cement, which had a capacity of 4mt in the

Emirate of Ras Al Khaimah Ras Al Khaimah is the northernmost of the Emirates of the United Arab Emirates, seven emirates that make up the United Arab Emirates. The city of Ras Al Khaimah, abbreviated to RAK or RAK City, is the capital of the emirate and home to most of ...

, for $305 million. In November 2019, the company raised Rs 2,399.99 crore through a qualified institutional programme. Nearly two years later, post fund-raising in September 2021, the company announced that it is infusing capital as part of its capex plans. The company announced it will invest Rs 4,750 crore until FY 2024. It commissioned an integrated cement plant at

Nawalgarh, Rajasthan Nawalgarh is a heritage city in the Jhunjhunu district of the Shekhawati region of the Indian state of Rajasthan, 30.5 km from Sikar and 39.2 km from Jhunjhunu. History Thakur Nawal Singh Ji Bahadur founded Nawalgarh in 1737 AD ...

, which will be operational by December 2023. The Rajasthan plant consists of 3.5 MTPA cement and 3.8 MTPA clinker facility. The capex also includes a 3 MTPA clinker plant near

Purulia Purulia, officially Purulia Sadar, is a city and a municipality in the Indian state of West Bengal. It is the headquarters of the Purulia district. It is located on the north of the Kangsabati River. Geography Location Purulia is locate ...

, West Bengal.

Cement plants

Plants are located in

, Ras (

Pali District Pali district is a district in Rajasthan, India. The city of Pali is its administrative headquarters. Pali is also known as the Industrial/Textile City and has been a hub for merchant activities for centuries. It has a rich heritage and culture ...

), Khushkhera, Jobner (

Jaipur District Jaipur District is a district in the state of Rajasthan in Northern India.the city of Jaipur, which is Rajasthan's capital and the largest city, is the district headquarters. It is the tenth most populous district in India (out of 640). Etymo ...

) and

Suratgarh Suratgarh is a city/tehsil and a municipality in Sri Ganganagar district and is the biggest tehsil among all the 7 tehsils in Sri Ganganagar district. Suratgarh is also known as "Cotton city" and "Bowl of grain" of Rajasthan due to the high ...

, Laksar (Roorkee) in

Uttarakhand Uttarakhand (, ), also known as Uttaranchal ( ; List of renamed places in India, the official name until 2007), is a States and union territories of India, state in North India, northern India. The state is bordered by Himachal Pradesh to the n ...

Panipat Panipat () is an industrial , located 95 km north of Delhi and 169 km south of Chandigarh on NH-44 in Panipat district, Haryana, India. It is famous for three major battles fought in 1526, 1556 and 1761. The city is also known as ...

Haryana Haryana () is a States and union territories of India, state located in the northern part of India. It was carved out after the linguistic reorganisation of Punjab, India, Punjab on 1 November 1966. It is ranked 21st in terms of area, with les ...

Bulandshahar Bulandshahr, formerly Baran, is a city and a municipal board in Bulandshahr district in the state of Uttar Pradesh, India. It is the administrative headquarters of Bulandshahr district and part of Delhi NCR region. According to the Government ...

Uttar Pradesh Uttar Pradesh ( ; UP) is a States and union territories of India, state in North India, northern India. With over 241 million inhabitants, it is the List of states and union territories of India by population, most populated state in In ...

Raipur Raipur ( ) is the capital city of the Indian state of Chhattisgarh. Raipur is also the administrative headquarters of Raipur district and Raipur division, and the largest city of the state. It was a part of Madhya Pradesh before the state of Chh ...

Chhattisgarh Chhattisgarh (; ) is a landlocked States and union territories of India, state in Central India. It is the List of states and union territories of India by area, ninth largest state by area, and with a population of roughly 30 million, the List ...

Seraikela Saraikela (also spelled Seraikella) is the district headquarters and a nagar panchayat in the Seraikela Sadar subdivision of the Seraikela Kharsawan district in the Indian state of Jharkhand. It was formerly the capital of Saraikela State, a pr ...

Jharkhand Jharkhand (; ) is a States and union territories of India, state in East India, eastern India. The state shares its border with the states of West Bengal to the east, Chhattisgarh to the west, Uttar Pradesh to the northwest, Bihar to the north ...

and

Aurangabad Aurangabad (), officially renamed as Chhatrapati Sambhajinagar in 2023, is a city in the Indian state of Maharashtra. It is the administrative headquarters of Aurangabad district and is the largest city in the Marathwada region. Located on a ...

Bihar Bihar ( ) is a states and union territories of India, state in Eastern India. It is the list of states and union territories of India by population, second largest state by population, the List of states and union territories of India by are ...

. In 2023, the company opened a new cement grinding unit with a capacity of 3 million metric tonnes per annum in

Purulia district Purulia district () is one of the twenty-three districts of West Bengal state in Eastern India. Purulia is the administrative headquarters of the district. Some of the other important towns of Purulia district are Raghunathpur- Adra, Manbazar ...

West Bengal West Bengal (; Bengali language, Bengali: , , abbr. WB) is a States and union territories of India, state in the East India, eastern portion of India. It is situated along the Bay of Bengal, along with a population of over 91 million inhabi ...

through its subsidiary, Shree Cement East. The facility was inaugurated by the

Chief Minister of West Bengal The chief minister of West Bengal (IAST: Paścim Baṅgēr Mukhya Mantrī) is the '' de facto'' head of the executive branch of the Government of West Bengal, the subnational authority of the Indian state of West Bengal. The chief minister is ...

Mamata Banerjee Mamata Banerjee (; born 5 January 1955) is an Indian politician who is serving as the eighth and current List of chief ministers of West Bengal, chief minister of the States and union territories of India, Indian state of West Bengal since 2 ...

. In March 2024, the company acquired five ready-mix cement (RMC) plants in

Mumbai Mumbai ( ; ), also known as Bombay ( ; its official name until 1995), is the capital city of the Indian state of Maharashtra. Mumbai is the financial capital and the most populous city proper of India with an estimated population of 12 ...

from StarCrete LLP.

Power plants

The company produces and sells power under the brand name Shree Power and Shree Mega Power (SMP).

Controversies

In 2018, six workers died at the under-construction Shree Cement factory in

Kalaburagi district Kalaburagi district, formerly known as Gulbarga district, is one of the 31 districts of Karnataka state in southern India. Kalaburagi city is the administrative headquarters of the district. The district is the headquarters of Kalaburagi divi ...

Karnataka Karnataka ( ) is a States and union territories of India, state in the southwestern region of India. It was Unification of Karnataka, formed as Mysore State on 1 November 1956, with the passage of the States Reorganisation Act, 1956, States Re ...

, after a crane collapsed. In 2024, it was reported that four workers had died in separate incidents at the same factory, prompting the

district collector The district magistrate, also known as the district collector or deputy commissioner, is a career civil servant who serves as the executive head of a district's administration in India. The specific name depends on the state or union territo ...

to launch an investigation into the factory's safety protocols.

References

External links

* {{Nifty 200 companies Cement companies of India Manufacturing companies based in Kolkata Indian companies established in 1979 1979 establishments in Rajasthan Manufacturing companies established in 1979 Companies listed on the National Stock Exchange of India Companies listed on the Bombay Stock Exchange