Shree Cement

Shree Cement was incorporated in 1979 by Benu Gopal Bangur. In 1983, it commissioned its first plant in Rajasthan, 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 in 1975, is the current head of the company. In 2003, Hari Mohan Bangur's son Prashant Bangur too joined the business.{{Cite web |title=Cementing A Sustainable Future |url=https://www.forbesindia.com/article/take-one-big-story-of-the-day/cementing-a-sustainable-future/75517/1 |access-date=2022-09-27 |website=Forbes India |language=en}}

In 2018, Shree Cement acquired UAE-based Union Cement, which had a capacity of 4mt in the Emirate of Ras Al Khaimah, for $305 million.{{cite news |last1=Kanungo |first1=Soumonty |title=Shree Cement to buy 93% stake in UAE-based Union Cement for $305 million |url=https://www.livemint.com/Companies/2Bw2GleTzHflT4kIFuLxkO/Shree-Cement-to-buy-93-stake-in-UAEbased-Union-Cement-for.html |access-date=29 August 2024 |work=Mint |date=12 January 2018}}

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, 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, West Bengal.

Plants are located in Beawar, Ras (Pali District), Khushkhera, Jobner (Jaipur District) and Suratgarh in Rajasthan, Laksar (Roorkee) in Uttarakhand, Panipat in Haryana, Bulandshahar in Uttar Pradesh,{{Cite web |title=Shree Cement to invest Rs 6000cr to increase capacity |url=https://www.constructionweekonline.in/business/shree-cement-to-invest-rs-6000cr-to-increase-capacity |website=constructionweekonline}} Raipur in Chhattisgarh, Seraikela in Jharkhand and Aurangabad in Bihar.{{Cite web |title=Shree Cement inaugurates cement grinding unit with 3 MTPA capacity in West Bengal - ET RealEstate |url=https://realty.economictimes.indiatimes.com/news/cement/shree-cement-inaugurates-cement-grinding-unit-with-3-mtpa-capacity-in-west-bengal/103366621 |access-date=2024-01-04 |website=ETRealty.com |language=en}}

In 2023, the company opened a new cement grinding unit with a capacity of 3 million metric tonnes per annum in Purulia district, West Bengal through its subsidiary, Shree Cement East. The facility was inaugurated by the Chief Minister of West Bengal, Mamata Banerjee.

In March 2024, the company acquired five ready-mix cement (RMC) plants in Mumbai from StarCrete LLP.{{Cite web |last= |title=Shree Cement purchases five ready-mix cement plants in Mumbai for Rs 33.50 crore - ET RealEstate |url=https://realty.economictimes.indiatimes.com/news/cement/shree-cement-purchases-five-ready-mix-cement-plants-in-mumbai-for-rs-33-50-crore/108440962 |access-date=2024-04-03 |website=ETRealty.com |language=en}}{{Cite web |title=Will explore acquisition possibilities at the right price: Shree Cement V-C |url=https://www.business-standard.com/companies/news/will-explore-acquisition-possibilities-at-the-right-price-shree-cement-v-c-123090401024_1.html |website=Businessstandard}}

The company produces and sells power under the brand name Shree Power and Shree Mega Power (SMP).{{Cite news|url=https://www.indiainfoline.com/article/news-top-story/cement-sector-likely-to-benefit-in-the-coming-years-117102700258_1.html|title=Cement Sector likely to benefit in the coming years|last=indiainfoline.com|access-date=2017-12-16|language=en}}

In 2018, six workers died at the under-construction Shree Cement factory in Kalaburagi district, Karnataka, after a crane collapsed.{{cite news |title=Six factory workers killed in a freak accident in Kalaburagi |url=https://www.thehindu.com/news/national/karnataka/six-factory-workers-killed-in-a-freak-accident-in-kalaburagi/article24589525.ece |access-date=29 August 2024 |work=The Hindu |date=3 August 2018 |language=en-IN}} In 2024, it was reported that four workers had died in separate incidents at the same factory, prompting the district collector to launch an investigation into the factory's safety protocols.{{cite news |title=ಕಾರ್ಮಿಕರ ಸರಣಿ ಸಾವು: ಮೃತ್ಯುಕೂಪವಾದ ಸೇಡಂನ ಶ್ರೀ ಸಿಮೆಂಟ್ ಕಾರ್ಖಾನೆ |url=https://tv9kannada.com/karnataka/kalaburagi/serial-death-of-workers-at-shree-cement-factory-in-sedam-kalaburagi-news-in-kannada-krn-871536.html |access-date=29 August 2024 |work=TV9 Kannada |date=24 July 2024 |language=kn}}

{{reflist}}

• {{Official website|http://www.shreecement.com/}}

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Category:Cement companies of India

Category:Manufacturing companies based in Kolkata

Category:Indian companies established in 1979

Category:1979 establishments in Rajasthan

Category:Manufacturing companies established in 1979

Category:Companies listed on the National Stock Exchange of India

Category:Companies listed on the Bombay Stock Exchange