Shree Cement begins commercial production at Baloda Bazar facility

30 Mar 2022 CW Team

On Monday, the cement major Shree Cement told the media that it began commercial production at the firm's clinkerisation unit (kiln-3) at Baloda Bazar, near Raipur in Chhattisgarh.

The plant has a production capacity of 12,000 tons per day (4.0 million tons per annum).

Earlier on 16 March, the firm declared that it started a trial run of its new clinkerisation plant. The clinkerisation unit shall boost the firm's clinker supply to its various grinding units in the Eastern region.

Shree Cement is one of India's leading three cement producers. Its portfolio of products comprises Shree Jung Rodhak Cement, Bangur Cement, Roofon and Rockstrong Cement.

The Kolkata headquartered firm recorded a 23.6% decrease in consolidated net profit to Rs 482.70 crore in Q3 FY22 from Rs 631.58 crore posted in Q3 FY21. Net sales increased 2.2% to Rs 3,637.11 crore in Q3 FY22 over Q3 FY21.

Shree Cement shares were trading at 0.7% lower to Rs 23,100 on Bombay Stock Exchange (BSE).

Image Source

Also read: Shree Cement net profit declines 23.6% to Rs 482 cr in Q3 FY22

Real Estate

05 Aug 2026

CREDAI-MCHI to Host 10th Design & Construction Conference

CREDAI-MCHI will host the 10th anniversary edition of its Design & Construction Conference on August 19, 2026, at the Jio World Convention Centre in Mumbai.The event is expected to bring together more than 500 procurement leaders, construction heads, architects, consultants and senior real estate decision-makers, alongside over 50 construction and ancillary brands.The conference will feature product launches, technology showcases, knowledge sessions, strategic business-to-business networking and recognition of procurement professionals contributing to the transformation of the construction..

BorgWarner Wins Extension for High-Voltage Inverter Programmes

BorgWarner has secured a major extension of several high-volume high-voltage inverter programmes from a leading European automotive manufacturer.The contracts cover updated inverter designs for plug-in hybrid and 800V battery-electric vehicle applications. Production is scheduled to begin in 2029.Isabelle McKenzie, President and General Manager, BorgWarner PowerDrive Systems, said the programme extensions demonstrate the company’s position in power electronics and reflect the strength of its technology, in-house expertise and customer relationships.For plug-in hybrid vehicles, BorgWarner wil..

Castrol India Q2 Profit Rises 43% to Rs 3.48 bn

Castrol India reported a 43 per cent year-on-year increase in profit after tax to Rs 3.48 billion for the quarter ended June 30, 2026, supported by growth across its consumer, industrial and institutional businesses.Revenue from operations increased 25 per cent to Rs 18.71 billion during the second quarter of 2026, compared with Rs 14.97 billion in the corresponding period of 2025. EBITDA rose 41 per cent to Rs 4.94 billion from Rs 3.50 billion.Sequentially, revenue increased from Rs 15.45 billion in the first quarter of 2026, while EBITDA rose from Rs 3.29 billion. Profit after tax increased ..