Shree Cement commissions new grinding unit in Chhattisgarh
23 Apr 2025
1 Min Read
CW Team
Shree Cement has commissioned a 3.4 MTPA clinker grinding unit at Baloda Bazar in Raipur, Chhattisgarh, as part of its brownfield expansion. The move further strengthens the company鈥檚 presence in central India and comes shortly after the operational launch of its 3.0 MTPA unit in Etah, Uttar Pradesh.
Currently the third-largest cement manufacturer in India, Shree Cement operates with a total installed capacity of 46.4 MTPA. Known for cost efficiency and a robust product portfolio under brands like Bangur Rockstrong and Powermax, the company offers a wide range including Portland Pozzolana, Ordinary Portland, and Portland Slag Cement.
Shree Cement is also expanding its sustainable building solutions portfolio, notably with its Green Pro Ecolabel-certified Shree Heat Shield AAC blocks.
As of March 2025, promoter holding stood at 62.56 per cent, with FIIs at 9.70 per cent, DIIs at 15.07 per cent, and public shareholders at 12.42 per cent. The government holds a minor 0.25 per cent stake.
With a PE of 91x, ROE of 12 per cent, and ROCE of 15 per cent, the company maintains a healthy dividend payout of 19.4 per cent. Its debt remains modest at Rs 16.82 billion, and its market cap has crossed Rs 1 trillion. The stock is up 31.5 per cent from its 52-week low of Rs 23,500.15.
Shree Cement has commissioned a 3.4 MTPA clinker grinding unit at Baloda Bazar in Raipur, Chhattisgarh, as part of its brownfield expansion. The move further strengthens the company鈥檚 presence in central India and comes shortly after the operational launch of its 3.0 MTPA unit in Etah, Uttar Pradesh.
Currently the third-largest cement manufacturer in India, Shree Cement operates with a total installed capacity of 46.4 MTPA. Known for cost efficiency and a robust product portfolio under brands like Bangur Rockstrong and Powermax, the company offers a wide range including Portland Pozzolana, Ordinary Portland, and Portland Slag Cement.
Shree Cement is also expanding its sustainable building solutions portfolio, notably with its Green Pro Ecolabel-certified Shree Heat Shield AAC blocks.
As of March 2025, promoter holding stood at 62.56 per cent, with FIIs at 9.70 per cent, DIIs at 15.07 per cent, and public shareholders at 12.42 per cent. The government holds a minor 0.25 per cent stake.
With a PE of 91x, ROE of 12 per cent, and ROCE of 15 per cent, the company maintains a healthy dividend payout of 19.4 per cent. Its debt remains modest at Rs 16.82 billion, and its market cap has crossed Rs 1 trillion. The stock is up 31.5 per cent from its 52-week low of Rs 23,500.15.
Next Story
HCL-Foxconn to invest Rs 37 billion in chip plant near Jewar airport
The Union Cabinet has approved the establishment of a new semiconductor unit near Jewar airport in Uttar Pradesh under the India Semiconductor Mission. This sixth plant, a joint venture between HCL and Foxconn, marks further progress in India鈥檚 semiconductor journey. The project will see an investment of Rs 37 billion.The facility will produce display driver chips for mobile phones, laptops, automobiles, PCs, and other digital devices. It is designed for a monthly capacity of 20,000 wafers and an output of 36 million units.Five semiconductor units are already in advanced stages of constructi..
Next Story
Brigade acquires Velachery land for Rs 16-billion project
Brigade Enterprises has acquired a 5.41-acre land parcel on Velachery Road, Chennai, through an outright purchase for Rs 4.417 billion. Located next to Phoenix Market City, the site will be developed into a premium residential project with a gross development value of approximately Rs 16 billion and a development potential of 0.8 million square feet.The project offers strategic access to both the OMR IT Corridor and Chennai鈥檚 Central Business District, promising strong connectivity and premium lifestyle offerings. Brigade plans to create signature residences focused on aesthetics, functional..
Next Story
Liebherr marks 10,000th XPower wheel loader milestone
Liebherr-Werk Bischofshofen has rolled out its 10,000th XPower wheel loader, marking a major production milestone. The anniversary L 580 XPower model, featuring a power-split travel drive developed with ZF Friedrichshafen AG, was handed over to the BERGER Group in Passau.鈥淭he transmission from our partner ZF is a key component of the drivetrain in our XPower wheel loaders,鈥� said Gerhard Pirnbacher, Head of Quality Management at Liebherr. 鈥淲ith an impressive total of around 64 million operating hours already clocked up by XPower models, this transmission has proven its exceptional robustn..
