Shree Cement's plans to 80 mt capacity 2030

05 Sep 2023 CW Team

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.

"Join industry leaders at RAHSTA Expo, India's premier platform for roads, highways and traffic infrastructure. Register now to explore innovations, network with experts and shape the future of mobility."

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.

Real Estate

07 Jul 2026

Pecan Realty Completes Rs 1.5 Billion Transactions

Pecan Realty has recently completed four institutional transactions worth over Rs 1.5 billion over the past two years, strengthening its position as an execution-led real estate platform. The deals include resolution-led acquisitions, structured finance transactions and capital partnerships across its development portfolio.The transactions covered acquisitions through the National Company Law Tribunal process and helped provide repayment or exits to both private and public sector lenders. The company said the deals demonstrate its ability to resolve complex project situations, work with instit..

Real Estate

07 Jul 2026

SNN Estates Expands North Bengaluru Housing Project

SNN Estates has announced an expansion of its SNN Estates Felicity residential project in North Bengaluru following strong buyer demand, with 75 per cent of the first-phase inventory sold within three days of launch.The developer will add 76 apartments in the new phase, taking the project's estimated revenue potential to around Rs 1,000 crore upon completion of Phase 2.Spread across 6.5 acres in Rachenahalli, near Manyata Tech Park, the project comprises 604 apartments in 1.5, 2, 2.5, 3 and 4 BHK configurations. The development includes a 50,000-sq-ft clubhouse with amenities such as sports co..

Infrastructure Urban

07 Jul 2026

SCG Drives ASEAN Industrial Transformation Strategy

SCG is strengthening its focus on ASEAN as a key growth region by advancing industrial transformation, enhancing competitiveness and building resilient regional value chains. Thammasak Sethaudom, President and Chief Executive Officer, SCG, highlighted the need for industries to continuously develop capabilities, strengthen resilience and deepen regional cooperation to achieve sustainable long-term growth.SCG views ASEAN as an important growth engine alongside China, supported by favourable demographics, trade connectivity and investment flows. With ASEAN’s GDP projected to grow by around 4.7..