Shree Cement launches Bangur Concrete

Shree Cement Limited announced the launch of Bangur Concrete with the commissioning of its first Greenfield Ready Mix Concrete (RMC) plant in Hyderabad. The plant which was inaugurated by Shree Cement's Chairman Shri HM Bangur has a capacity of 90 cubic meters per hour. 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.

Speaking on the occasion, Mr Neeraj Akhoury, Managing Director of Shree Cement Ltd, said, "This venture into Ready Mix Concrete marks our entry into a promising new line of business. We recognise the vast potential of RMC business, which is being driven by India's growth momentum, the concerted efforts of both Central and State Governments to advance infrastructure projects and an uptick in the housing sector. We're committed to aggressively expand our presence in this market by building new units as well as acquiring plants."

He added, "Driven by our core philosophy of 'Build Smart', Shree Cement is firmly on track to become a modern and green building material company. In order to maintain our industry leading performance benchmarks, we are ramping up our capacity utilisation, enhancing our brand equity, raising cost efficiency and furtherstepping up our R&D efforts. Thisstrategic approach ensures we continue to set new standards of excellence in the industry."

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 committed to delivering high-quality assured concrete to customers, ensuring timely supply and overall satisfaction.

Shares of SHREE CEMENT LIMITED was last trading in BSE at Rs. 25363.15 as compared to the previous close of Rs. 25388.55. The total number of shares traded during the day was 499 in over 277 trades.

The stock hit an intraday high of Rs. 25493.85 and intraday low of 25238.15. The net turnover during the day was Rs. 12656672.00.

Source : Equity Bulls

Keywords

SHREECEMENT INE070A01015 BangurConcrete Commissioned Greenfield RMCPlant Hyderabad