Company Profile

Shree Cement has inaugurated its new integrated plant at Dachepalli village, Guntur, Andhra Pradesh, six months ahead of schedule. The new plant has cement production capacity of 3 MTPA. The new plant will propel Shree Cement’s manufacturing capacity to 56.4 MTPA, further solidifying its position as a key player in the cement industry. 

Built with an investment of Rs 2,500 crore, the Guntur plant will be Shree Cement’s sixth integrated production facility in the country and second in the Southern region after Kodla in Karnataka. Located strategically to cater to the growing markets of Telangana and Andhra Pradesh, the plant will contribute to the economic development of the region. The new unit is expected to generate around 700 direct jobs and 1300 indirect jobs. 

Shree Cement is engaged in the manufacturing and selling of cement and cement related products. It is recognized as one of the most efficient and environment friendly company in the global cement industry.

Shree Cement has launched Bangur Concrete with the commissioning of its first Greenfield Ready Mix Concrete (RMC) plant in Hyderabad. The commissioning of the state-of-the-art unit aligns with the company’s vision to emerge as a multi-product player in the core cement business. As part of this strategy, Shree Cements had acquired five operational plants of StarCrete LLP in Mumbai earlier this month for a consideration of Rs 33.5 crore. The company's combined RMC capacity now stands at 512 cubic meters per hour.

Bangur Concrete upholds Shree Cement's commitment to innovation, quality and engineering capabilities. Using enhanced technology and automated operations, the special concrete product offerings cater to diverse applications and structures. The product range includes high-performance concrete for superior durability, self-compacting concrete for use in heavily reinforced structures, temperature-controlled concrete for large-scale concreting needs and stamped concrete for ornamental pathways and walkways.

Shree Cement is engaged in the manufacturing and selling of cement and cement related products. It is recognized as one of the most efficient and environment friendly company in the global cement industry.

Shree Cement is currently trading at Rs. 25027.35, up by 84.85 points or 0.34% from its previous closing of Rs. 24942.50 on the BSE.

The scrip opened at Rs. 24986.80 and has touched a high and low of Rs. 25485.85 and Rs. 24942.45 respectively. So far 171 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 30710.15 on 01-Feb-2024 and a 52 week low of Rs. 22601.30 on 26-Jun-2023.

Last one week high and low of the scrip stood at Rs. 25485.85 and Rs. 24570.10 respectively. The current market cap of the company is Rs. 89994.41 crore.

The promoters holding in the company stood at 62.55%, while Institutions and Non-Institutions held 24.85% and 12.60% respectively.

Shree Cement has signed an asset purchase agreement with Starcrete LLP, a limited liability partnership registered in Mumbai, to acquire 5 operational Ready-Mix Cement (RMC) plants, under an Asset Purchase Agreement, having an aggregate capacity of 422 CUM/hr at an aggregate consideration of Rs 33.50 crore. These plants are located in high growth RMC markets of Mumbai Metropolitan Region (MMR). 

With this asset purchase, the company has announced its foray into the RMC business. The strategic location of the RMC plants will facilitate entry into key construction projects in MMR and help in growth of the RMC business of the company. The company is actively working on setting up Greenfield RMC plants at different locations. By end of March 2024, the company also aims to mark its Greenfield footprint in RMC business. 

Shree Cement is engaged in the manufacturing and selling of cement and cement related products. It is recognized as one of the most efficient and environment friendly company in the global cement industry.