Shree Cement to set up Rs.150 bn greenfield cement factory in Guntur

Shree Cement Chairman on Cement Industry Consolidation

HM Bangur, Chairman of Shree Cement, has highlighted the accelerated pace of consolidation within the cement industry. Speaking on the industry landscape, Bangur emphasised the significant transformation occurring as companies seek to strengthen their market positions through mergers and acquisitions.

According to Bangur, the cement industry is witnessing a notable trend of consolidation, driven by various factors including market dynamics, regulatory changes, and evolving consumer preferences. He noted that this consolidation is happening at a faster pace than before, reshaping the com..

Shree Cement to begin work on its Rs 600 cr project in West Bengal

Shree Cement, a subsidiary of the BG-HM Bangur group, is set to start work on its proposed project in Bengal within a month. The group plans to invest more than Rs 600 crore in the cement grinding unit.

This will be the company's first production facility in the state where it is headquartered. Shree Cement's MD, H M Bangur, told the media that West Bengal is now ready for large investments. In a webinar hosted by the Calcutta Chamber of Commerce, Bangur was going to speak with WBIDC chai..

Shree Cement incurs Rs 6.62 billion profit for Q4; beats expectations

Shree Cement, India's third-largest cement manufacturer by market capitalisation announced a fourth-quarter profit that exceeded, attributing it to increased volumes driven by lower cement prices. Typically, cement companies witness a surge in volumes in the March quarter as they reduce prices to clear year-end inventory backlogs.

Analysts had anticipated that reduced fuel costs would partially offset the decline in prices. Shree Cement's profit for the quarter ending March 31 reached Rs 6.62 billion, surpassing street forecasts of Rs 6.20 billion, as per LSEG data. This marked a si..