Shree Cement unveils greenfield in Hyderabad
Cement

Shree Cement unveils greenfield in Hyderabad

Shree Cement has ventured into the ready mix concrete (RMC) segment with the inauguration of its first greenfield project in Hyderabad. The plant, with a capacity of 90 cubic metres per hour, aims to position the Bangur family-promoted company as a diversified player in the cement industry, according to a statement released by the firm.

Managing Director Neeraj Akhoury expressed that the move into the RMC segment represents Shree Cement's foray into a new line of business. He cited the promising prospects of the RMC sector, driven by India's economic growth, governmental infrastructure initiatives, and increased activity in the housing sector. Akhoury affirmed the company's commitment to expanding its presence in the market through both organic growth and strategic acquisitions.

Additionally, Shree Cement recently acquired five operational plants of StarCrete LLP in Mumbai, further bolstering its RMC capacity. With this acquisition, the company's combined RMC capacity now stands at 512 cubic metres per hour. Shree Cement, operating under the brand name Bangur, currently boasts an installed capacity of 46.9 million tonnes annually in India.

Shree Cement has ventured into the ready mix concrete (RMC) segment with the inauguration of its first greenfield project in Hyderabad. The plant, with a capacity of 90 cubic metres per hour, aims to position the Bangur family-promoted company as a diversified player in the cement industry, according to a statement released by the firm. Managing Director Neeraj Akhoury expressed that the move into the RMC segment represents Shree Cement's foray into a new line of business. He cited the promising prospects of the RMC sector, driven by India's economic growth, governmental infrastructure initiatives, and increased activity in the housing sector. Akhoury affirmed the company's commitment to expanding its presence in the market through both organic growth and strategic acquisitions. Additionally, Shree Cement recently acquired five operational plants of StarCrete LLP in Mumbai, further bolstering its RMC capacity. With this acquisition, the company's combined RMC capacity now stands at 512 cubic metres per hour. Shree Cement, operating under the brand name Bangur, currently boasts an installed capacity of 46.9 million tonnes annually in India.

Related Stories

Gold Stories

Next Story
Resources

Schindler named among Forbes’ World’s Best Employers 2026

Schindler has been named among Forbes’ World’s Best Employers 2026, a global ranking recognising companies for their workplace environments.Compiled by Forbes in partnership with Statista, the ranking is based on independent employee feedback, including whether employees would recommend their organisation to friends and family.The company said the recognition reflected its focus on creating a workplace where employees can develop their expertise and build careers. ..

Next Story
Infrastructure Urban

India needs an export-execution mindset: Vishesh Jain

Interview with Vishesh Jain, Founder & CEO, EximpleWhat gaps in India’s global trade ecosystem led you to build Eximple, and what problem did you see businesses struggling with most?Eximple came out of a problem that all three founders had seen from different choke points in the trade ecosystem. India has millions of MSMEs and manufacturers, and many of them can make products that are genuinely competitive on quality. Yet only a small fraction is able to build meaningful international businesses. In our experience, the gap is usually not manufacturing capability; it is the ability to exe..

Next Story
Building Material

Nuvoco reports 13.5% revenue growth in Q2 FY27

Nuvoco Vistas Corp. Ltd. reported consolidated revenue of Rs 27.9 billion for Q2 FY27, up 13.5% year on year. Cement sales volume rose 9% to 4.7 million tonnes (MMT), while EBITDA increased 11% to Rs 4.11 billion.The company said it began its cement operations in 2014 with a 2.3 MMT per annum (MMTPA) operation at Nimbol. It now aims to reach 35 MMTPA of cement capacity by FY28, nearly 15 times its initial capacity. Its portfolio spans cement, ready-mix concrete and modern building materials.On sustainability and cost efficiency, Nuvoco partnered with CleanMax for a 46.4 MW wind-solar hybrid re..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code