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.

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