Cement News tagged under: Shree Cement
Shree net profit down on weaker sales, India30 April 2015, Published under Cement NewsShree Cements on Wednesday reported a 46.39 per cent dip in standalone net profit at to INR1.198bn (US$18.8m) for the third quarter that ended on 31 March 2015 due to a decline in sales. The company had registered a net profit of INR2.225bn for the corresponding period a year ago, it said in a filing to the Bombay Stock Exchange. Total turnover of the company dropped 5.31 per cent to INR15.764bn during the quarter under review versus INR16.649bn a year earlier. The cost of raw materials w... |
Shree completes acquisition of Jaiprakash grinding unit, India28 April 2015, Published under Cement NewsShree Cement has completed the acquisition of a cement grinding unit of Jaiprakash Associates in Haryana state, India. “The acquisition of a 1.5Mta cement grinding unit of Jaiprakash Associates Ltd, situated at Panipat, has been consummated on April 27, 2015 for an aggregate consideration of INR358.22 crore,” Shree Cement said in a filing to the Bombay Stock Exchange yesterday. Completion of the acquisition takes Shree Cement’s capacity to 19Mta, with facilities in Rajasthan, Uttarakhand, ... |
Shree Cement enhances capacity by 2Mta, India17 April 2015, Published under Cement NewsShree Cement Ltd has informed the Bombay Stock Exchange that the company has completed the phase 2 of its new Ras new unit at Bangur city Ras, Pali district, Rajasthan. The project has enhanced Shree Cement’s capacity by 2Mta. |
Shree commissions cement mill at Chhattisgarh, India03 March 2015, Published under Cement NewsShree Cement has commissioned a 2.6Mta cement mill at Baloda Bazar near Raipur in Chhattisgarh, India, on 24 February 2015, the company informed the Bombay Stock Exchange. Shree Cement’s eight cement plants in Rajasthan and one grinding unit in Uttrakhand have an aggregate capacity of 13.5Mta. |
India: Shree wins approval for new Aurangabad plant25 November 2014, Published under Cement NewsIndia's Bihar state cabinet sanctioned its approval on 21 November 2014 for the construction of a INR3370m (US$54.5m) cement plant in the Aurangabad district of Bihar, planned by Shree Cement. The proposed works will have a production capacity of 2Mta and include a 12MW biomass-based captive power plant. |
Shree Cement gets go-ahead for Bihar plant, India20 November 2014, Published under Cement NewsThe state government of Bihar has approved Shree Cement’s plans for a new cement plant in the Aurangabad district. Informing about the Cabinet decision, B Pradhan, Principal Secretary of the Cabinet Secretariat told reporters: “The company had proposed to set up a cement plant with a production capacity of 20 lakh metric tonnes per annum [2Mta]. It will also have a 12MW biomass based captive power plant." |
Competition Commission clears Shree acquisition of Jaiprakash unit19 November 2014, Published under Cement NewsThe Competition Commission of India (CCI) said it has approved a proposal of Shree Cement to acquire Jaiprakash Associates' 1.5Mta grinding unit in Haryana, saying the deal will not raise anti-competition concerns. The proposed deal involves the transfer of the cement grinding unit at Haryana's Panipat owned by Jaiprakash Associates to Shree Cements by way of a slump sale, a notification on the competition panel's website said. "The proposed combination is not likely to have an a... |
Odisha state clears three grinding projects, India06 November 2014, Published under Cement NewsThe State Level Single Window Clearance Authority (SLSWCA) today approved three new cement grinding units in the eastern state of Odisha. Emami Cement has been given approval for a 1.5Mta grinding unit at Begunia in Khurda. Similarly, Shree Cement has proposed to establish a 3Mta cement grinding mill at Odapada in Dhenkanal district. The Rajasthan-based company has opted for this site so that it can use fly ash generated at power plants concentrated in the Dhenkanal district. Meanwhile, M... |
Shree Cement to acquire Jaiprakash grinding unit26 August 2014, Published under Cement NewsShree Cement has entered into an agreement to buy Jaiprakash Associates 1.5Mta cement grinding unit in the Panipat district of Haryana state in north India. The proposed sale is subject to approval of the lenders of Jaypee Associates and other concerned authorities. HM Bangur, managing director of Shree Cement, said he expects the due diligence process to be completed in two weeks.He told local media that a "shortage" of grinding units within the company' portfolio and projected domest... |
India: Shree's Aurangabad plant begins commercial operations11 July 2014, Published under Cement NewsShree Cement has commissioned 2Mta grinding capacity at Aurangabad in Bihar and informed the Bombay Stock Exchange (BSE) on 10 July that the plant was now in commercial operation. "...the company has commissioned a grinding unit of 2Mta capacity at Aurangabad in Bihar on 30 June 2014," the cement maker said in a press release to stock exchanges. Shree Cement had 13.5Mta of cement capacity before the commissioning of the unit. It has embarked on expansions to take its total capacity to 2... |