Shree Cement commissions new grinding unit in Chhattisgarh

23 Apr 2025 CW Team

Shree Cement has commissioned a 3.4 MTPA clinker grinding unit at Baloda Bazar in Raipur, Chhattisgarh, as part of its brownfield expansion. The move further strengthens the company’s presence in central India and comes shortly after the operational launch of its 3.0 MTPA unit in Etah, Uttar Pradesh.

Currently the third-largest cement manufacturer in India, Shree Cement operates with a total installed capacity of 46.4 MTPA. Known for cost efficiency and a robust product portfolio under brands like Bangur Rockstrong and Powermax, the company offers a wide range including Portland Pozzolana, Ordinary Portland, and Portland Slag Cement.

Shree Cement is also expanding its sustainable building solutions portfolio, notably with its Green Pro Ecolabel-certified Shree Heat Shield AAC blocks.

As of March 2025, promoter holding stood at 62.56 per cent, with FIIs at 9.70 per cent, DIIs at 15.07 per cent, and public shareholders at 12.42 per cent. The government holds a minor 0.25 per cent stake.

With a PE of 91x, ROE of 12 per cent, and ROCE of 15 per cent, the company maintains a healthy dividend payout of 19.4 per cent. Its debt remains modest at Rs 16.82 billion, and its market cap has crossed Rs 1 trillion. The stock is up 31.5 per cent from its 52-week low of Rs 23,500.15.

Infrastructure Urban

13 Oct 2025

Madurai Corporation Proposes Rs 1,400 Million Plan to Save Vaigai River

In a renewed effort to tackle pollution, the Madurai Corporation has submitted Rs 1,400 million proposal to the state government to upgrade the city’s drainage network and prevent untreated sewage from entering the Vaigai River. The proposal follows growing public concern over the river’s deteriorating condition despite previous mitigation efforts. The Vaigai flows for nearly 12 km within Madurai city limits, with sections obstructed by invasive plants, garbage, and untreated sewage. While multiple inlets contribute to contamination, the Panthalkudi canal in Goripalayam has been identifi..

Daikin Boosts Haryana’s Innovation Push with Rs 10 billion R&D Plan

Japanese multinational Daikin Industries has committed an investment of Rs 10 billion to set up a new research and development centre in Haryana. The proposed facility will focus on advanced technologies and sustainable industrial solutions, marking a significant boost to the state’s innovation and industrial ecosystem. The announcement follows the signing of a Memorandum of Understanding (MoU) in Osaka, Japan, during a visit by a Haryana government delegation held from October 6 to 8. The MoU was signed by Amit Kumar Agrawal, Commissioner and Secretary, Industries and Commerce Department, ..

Lloyds Metals to Build Rs 250 billion Steel Plant in Gadchiroli

Lloyds Metals & Energy Limited (LMEL) has announced an investment of Rs 250 billion aimed at transforming Gadchiroli in Maharashtra from a region once associated with the red corridor into a key industrial and growth hub. The company’s plans are centred on establishing an integrated steel production ecosystem, which will contribute significantly to regional development and employment. As part of its expansion strategy, LMEL is setting up a 4.5-million-tonne blast furnace in Gadchiroli, scheduled for completion by 2027–28, along with another 1.2-million-tonne facility in Chandrapur by 2029..