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Shree Cement Ltd

BSE: 500387 | NSE: SHREECEM ISIN: INE070A01015
Market Cap: [Rs.Cr.] 39,362.41 Face Value: [Rs.] 10
Industry: Cement - North India

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Company Profile

Shree Cement Ltd is one of India's premier cement makers and the largest in North India. The company is an energy conscious & environment friendly business organization. They have three brands under their portfolio, namely Shree Ultra Jung Rodhak Cement, Bangur Cement and Rockstrong Cement. Their manufacturing units are located at Beawar, and Ras in Rajasthan. They are also having the grinding units in Khushkhera in Rajasthan. The company is headquartered in Kolkata, India. Shree Cement Ltd was incorporated in the year 1979. The company was promoted by Calcutta-based industrialists P D Bangur and B G Bangur. The company is one of the largest cement producers in Rajasthan (Beawar) and is the largest single location manufacturer in Northern India. During the year 1994-95, the company undertook new activities in the field of leasing and hire purchase. The company made a tie up with Christian Pfeiffer & Company, Germany, for installing a horizontal impact crusher to pre-crush clinker before using it in the cement mill for upgrading cement output and save energy. Also, they made a tie up with IKN, Germany, for incorporating their KIDS system in the clinker cooler. In the year 1997, the company commissioned their second plant with the capacity of 1.24 million tonnes, raising total capacity to 2.0 MTPA. In October 1997, the Raj Cement commenced their production. During the year 2001-02 the company exercised to commission a captive 36 MW thermal power project at a cost of Rs.120 crores. In September 2001, they signed an EPC contract with Thermax Ltd and commenced the civil work in October 2001. During the year 2003-04, the company installed a 36 MW captive power plant, which translated into a complete self-dependency and significant savings. During the year 2005-06, the company commissioned a greenfield plant of 1.5 million tonnes per annum (MTPA) capacity at Ras. In August 2005, they commissioned 6 MW captive thermal power plant at their cement manufacturing facility in Rajasthan. During the year 2006-07, the company expanded their production capacity at Bangur city from 1.50 MTPA to 3.00 MTPA by commissioning their unit-IV on March 26, 2007. Also, the company commissioned one unit of captive power plant of 18 MW capacity at Bangur city inorder to meet the power requirement of the expanded capacity. In April 2007, they launched their third premium cement brand in the market called Tuff Cemento 3556. During the year 2007-08, the company completed two clun clinkerization units namely, unit V and VI at Bangur city and two grinding units at Khushkhera in Alwar, Rajasthan. Thus, the company attained a total capacity of 6.83 MTPA on ordinary portland cement (OPC) basis. Also, they commissioned the two captive power plants at Bangur City inorder to meet the power requirement of these expanded capacities. During the year 2008-09, the company completed their 1 MTPA Clinkerisation Unit (unit-VII) at Bangur city and started their trial production on March 24, 2009. In September 2008, they increased the thermal power generation capacity by commissioning 18 MW turbine generator (TG-VI) at Bangur city. The company is in the process of the expanding the capacity in their Clinker Grinding Unit at Suratgarh in Rajasthan and Roorkee in Uttrakhand. The works on these projects is running as per schedule and are expected to be commissioned during the financial year 2009-10. Also, the company is in the process of setting up 100 MW capacity (50MWx2) power plants at Bangur city. The first 50 MW power plant is expected to be commissioned by fourth quarter of the financial year 2009-10 while second 50 MW power plant is expected to be commissioned by first half of 2010-11. The company is in the process of setting up the 43 MW Green Power Projects (Waste Heat Recovery Projects) at Bangur Nagar, Beawar and Bangur city, Ras. The projects are expected to be completed by fourth quarter of FY 2009-10. The company is planning to consolidate their presence in the high growth market with additional power generation capacity.

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Key Information

Key Executives:

B G Bangur , Chairman

H M Bangur , Managing Director

R L Gaggar , Director

O P Setia , Director

Company Head Office / Quarters:

Bangur Nagar,
P B NO 33 Beawar,
Phone : Rajasthan-91-1462-228101-06 / Rajasthan-
Fax : Rajasthan-91-1462-228117/228119 / Rajasthan-
E-mail : shreebwr@shreecementltd.com
Web : http://www.shreecement.in


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