History of Shree Cement Limited

Incorporated in 1979, Shree Cement Limited is involved in making cement in India. The company released its IPO in 1984. In 1985, the company set up their first integrated cement plant of 0.6 MTPA in Beawar, Rajasthan. In 1992, they set up another plant of 0.9 MTPA in Beawar itself. As of March 2023, the company has a total cement production capacity of 46.4 MTPA in India, a total power generation capacity of 888.6 MW and a total green power generation capacity of 385.6 MW. The company is one of the top cement companies in India and one of the fastest-growing companies in terms of production capacity. In 2003, they set up their first captive power plant in Rajasthan. Shree Cement has 4 integrated manufacturing locations and 10 grinding unit locations across various regions in India. They also have one integrated manufacturing unit in the United Arab Emirates (UAE). The company has a strong presence in the building and construction sectors with a diverse product range. Shree Cement Limited has established a diverse range of brands, including Shree Jung Rodhak Cement, Bangur Cement, Roofon Cement, Rockstrong Cement, Rockstrong Premium Cement and Bangur Power Cement.

Business Segments of Shree Cement Limited

Based on their properties and uses, the products of the company are categorised into four groups, as follows:

• Ordinary Portland Cement (OPC): This form of cement is extensively used, as it is resistant to shrinkage and cracks. This cement is widely used in foundation systems, high-rise buildings, dam and bridge structures, industrial pavements, nuclear containment structures and silos and tanks.
• Portland Pozzolana Cement (PPC): This cement has good strength and is affordable. It is a suitable material for the construction of hydraulic structures such as marine works, sewage pipes, dams, etc.
• Portland Slag Cement (PSC): This hydraulic cement has high resistance to high temperatures and is used in seawater construction projects.
• Composite Cement (CC): This cement is used to produce high-strength, durable concrete.

There are several subsidiary companies under Shree Cement Limited, and a few are listed below:

• Shree Global FZE: This wholly-owned subsidiary markets semi-finished metal products. Shree Global FZE is based out of the UAE.
• Raipur Handling and Infrastructure Private Limited: This company owns and manages a railway siding within the private freight terminal at Hathbandh station in Raipur.
• Shree Cement East Private Limited: This company carries out cement operations of Shree Cement in West Bengal.

Key Personalities of Shree Cement Limited

Neeraj Akhoury, Managing Director Neeraj Akhoury, the MD of Shree Cement Limited, has 28 years of experience in cement and steel industry. He started his career in 1993 and worked with various organisations, including Tata Steel, Holcim Group, Lafarge AshakaCem PLC, Lafarge Surma Cement Limited, and Ambuja Cements Limited. Neeraj was on the board of Governors at the National Council for Cement and Building Materials (NCCBM) and the Vice President of the Cement Manufacturers Association of India.

Corporate Actions of Shree Cement Limited

There are no records of stock splits or bonus shares from Shree Cement Limited.

SWOT Analysis of Shree Cement Limited

Strengths

• The company has a diverse range of products that cater to the construction of various projects.

Weakness

• The company is not as popular as its competitors due to less branding activities.

Opportunities 

• With the growth in the overall economy, including the construction sector, the demand for cement is likely to increase.

Threats

• The cement industry is regulated, and the company has to keep up with the policies.
• Any interruptions in the procurement of raw materials can disturb the operations of the company.