Shree Cement's plans to 80 mt capacity 2030
Cement

Shree Cement's plans to 80 mt capacity 2030

Shree Cement, under the leadership of Vice Chairman Prashant Bangur, remains committed to exploring acquisition opportunities, but only if they are available at the right price. The company recently missed out on acquiring Sanghi Industries, which was ultimately bought by Adani-owned Ambuja Cements in August for an enterprise value of Rs 50 billion , with Shree Cement's bid being considerably lower.

Bangur emphasised that the company would consider acquisition opportunities anywhere in the country, as long as they make financial sense in terms of valuation. He acknowledged that acquisitions in the industry are somewhat of a gamble. These remarks were made during the Statecon event, an annual real estate conference organised by CREDAI West Bengal.

While actively pursuing inorganic growth options, Shree Cement is also intensifying its organic growth plans. West Bengal Chief Minister Mamata Banerjee inaugurated a three million-tonne grinding unit in the Purulia district, virtually. This addition brings Shree Cement's total cement production capacity to 50 million tonnes, requiring an investment of approximately Rs 7.50 billion.

Prashant Bangur revealed that the company would unveil more projects in the upcoming weeks, encompassing both brownfield and greenfield initiatives, as part of their roadmap to reach a capacity of 80 million tonnes by 2030.

In July, the company announced its next phase of capacity expansion projects, aiming to raise its cement capacity to 72.4 million tonnes with a capital expenditure of around Rs 70 billion. These projects are located in Rajasthan, Uttar Pradesh, and Karnataka.

Shree Cement's ongoing capital expenditure programs involve an integrated unit in Nawalgarh, Rajasthan, which is expected to be operational in Q3 FY24, and a plant in Guntur, Andhra Pradesh, targeting commissioning in Q2 FY25.

Shree Cement's strategic plans align with the industry's broader trend towards consolidation, as prominent players like UltraTech, Ambuja-ACC, Dalmia, and JSW are actively seeking to expand their market share. A CRISIL report from June noted that the top five players held a 55 per cent volume share in the previous fiscal year, compared to 49 per cent before the Covid-19 pandemic.

Shree Cement, under the leadership of Vice Chairman Prashant Bangur, remains committed to exploring acquisition opportunities, but only if they are available at the right price. The company recently missed out on acquiring Sanghi Industries, which was ultimately bought by Adani-owned Ambuja Cements in August for an enterprise value of Rs 50 billion , with Shree Cement's bid being considerably lower.Bangur emphasised that the company would consider acquisition opportunities anywhere in the country, as long as they make financial sense in terms of valuation. He acknowledged that acquisitions in the industry are somewhat of a gamble. These remarks were made during the Statecon event, an annual real estate conference organised by CREDAI West Bengal.While actively pursuing inorganic growth options, Shree Cement is also intensifying its organic growth plans. West Bengal Chief Minister Mamata Banerjee inaugurated a three million-tonne grinding unit in the Purulia district, virtually. This addition brings Shree Cement's total cement production capacity to 50 million tonnes, requiring an investment of approximately Rs 7.50 billion.Prashant Bangur revealed that the company would unveil more projects in the upcoming weeks, encompassing both brownfield and greenfield initiatives, as part of their roadmap to reach a capacity of 80 million tonnes by 2030.In July, the company announced its next phase of capacity expansion projects, aiming to raise its cement capacity to 72.4 million tonnes with a capital expenditure of around Rs 70 billion. These projects are located in Rajasthan, Uttar Pradesh, and Karnataka.Shree Cement's ongoing capital expenditure programs involve an integrated unit in Nawalgarh, Rajasthan, which is expected to be operational in Q3 FY24, and a plant in Guntur, Andhra Pradesh, targeting commissioning in Q2 FY25.Shree Cement's strategic plans align with the industry's broader trend towards consolidation, as prominent players like UltraTech, Ambuja-ACC, Dalmia, and JSW are actively seeking to expand their market share. A CRISIL report from June noted that the top five players held a 55 per cent volume share in the previous fiscal year, compared to 49 per cent before the Covid-19 pandemic.

Next Story
Resources

Ajmera Realty launches tree drive on Environment Day

Ajmera Realty & Infra India marked World Environment Day with a large-scale tree plantation initiative—Plant-with-Purpose—across its projects in Mumbai and Bangalore. The drive was inaugurated at Ajmera Manhattan and Ajmera Greenfinity in Wadala, with senior company officials and residents in attendance. The campaign encourages residents to embrace eco-conscious, self-reliant lifestyles by growing useful plants and trees within their communities. Horticulture expert Devendra Bhekar guided residents on creating and maintaining green spaces. Ajmera Realty planted over 500 trees..

Next Story
Resources

Twaron®-reinforced tyre powers Brunel’s solar race car

Teijin Aramid’s Twaron® with circular content will debut in Bridgestone’s race tyres for the 2025 Bridgestone World Solar Challenge, supporting the Brunel Solar Team’s Nuna 13 car. This marks the first use of the recycled-content aramid in a high-performance race tyre. The Twaron®-reinforced belts help enhance durability, reduce rolling resistance, and maintain lightweight strength—critical for the 3,000-km solar race across Australia. Bridgestone combines this with ENLITENTM tech and other recycled inputs to maximise environmental and performance outcomes. Teijin Aramid, a..

Next Story
Building Material

Kamdhenu Paints launches new wood coating range

Kamdhenu Paints has launched a comprehensive premium wood coating range designed for both interior and exterior applications. The collection includes high-performance solutions like Kamwood 2K PU for a rich matt or high-gloss finish, Kamwood 1K PU for clarity and stain protection, and the Kamwood Melamyne system for a smooth, durable finish. Also featured are Kamwood Wood Stains, which enhance wood grains with vibrant colour, and NC Sanding Sealer for high-build grain filling. The range is supported by Kamwood Thinners for ease of application and optimal finish. Saurabh Agarwal, MD, ..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?