Shree Cement
| Public company (: ) | |
| Industry | Cement manufacturing (17.5 Million Tonnes per Annum and Power Generation (597 Mw total installed capacity) |
| Headquarters | Kolkata, India |
|
Key people
|
Benu Gopal Bangur (Executive Chairman) Hari Mohan Bangur (Managing Director) Subhash Jajoo (C.F.O) R. L. Gaggar (Director) O. P. Setia (Director) Shreekant Somany (Director) Abid Hussain (Director) Y. K. Alagh (Director) Nitin Desai (Director) |
| Revenue | ₹58.58 billion (US$910 million) 2013-2014 |
Shree Cement (500387 SHREECEM Group (A), SHREECEM NSE) is primarily an Indian cement manufacturer. It was founded in Beawar in the Ajmer district of Rajasthan in the year 1979 and now headquartered in Kolkata, is one of the biggest cement makers in Northern India. It also produces and sells power under the name Shree Power (Captive Power Plant) and Shree Mega Power (Independent Power Plant). Turnover of the company for 2013-14 was ₹58.58 billion (US$910 million) and Net profit was ₹7.872 billion (US$120 million), 2012-13 was ₹55.90 billion (US$870 million) and net profit was ₹10.39 billion (US$160 million); 2011-12 was ₹34.53 billion (US$540 million) and Net profit was ₹2.097 billion (US$33 million); for 2010-11 it was ₹36.34 billion (US$560 million) and net profit was ₹6.76 billion (US$100 million); In 2008-09 the company posted a turnover of ₹21.29 billion (US$330 million) and generated operating profit of ₹2.603 billion (US$40 million). Since 2006, it has more than quadrupled its production capacity both by expanding into new areas and increasing the capacities of the existing plants. Plants are located in Beawar, Ras, Khushkhera, Jobner (Jaipur) and Suratgarh in Rajasthan, Laksar (Roorkee) in Uttarakhand, Panipat in Haryana, Bulandshahar in UP, Raipur in Chhattisgarh and Aurangabad in Bihar.
It has two 150 MW units in Beawar (2 km from the existing Cement Unit). This unit has a world record for fastest construction.
The company has installed 120 MW captive power plants split into two locations (Beawar & Ras) to meet the complete power needs of a 15 million tonne Integrated Cement Plant. Commissioned 2x18 MW Greenfield Power Plant at Beawar in 2002 and running successfully. One 6 MW TG is also operating successfully with excess steam available from this 2x18 MW Power Plant. 4x18 unit is operational in RAS plant (40 km from Beawar). At same location 2x50 MW unit also exists and being fully operational. Company also believes in producing power from waste heat recovery methods (from Cement Kiln and preheat). Making a total of 265MW captive power along with 300MW independent.
...
Wikipedia