Cement News tagged under: Shree Cement
Shree Cement places WHR order05 March 2021, Published under Cement NewsIndia’s Shree Cement has placed an order for two WHR boilers from ISGEC Heavy Engineering for its Raipur plant. A PH boiler will be set up at the preheater exhaust, while an AQC boiler will be installed at the cooler exhaust from the facility’s 10,500tpd kiln. This is the second order Shree has placed with the engineering firm, according to a statement. |
Shree Cement reports 102% rise in net profit01 February 2021, Published under Cement NewsIndia’s Shree Cement has reported a 102 per cent YoY rise in net profit to INR6.26bn (US$85.76m) for the December quarter, compared to INR3.12bn in the year-ago period. Revenue also advanced 16.2 per cent YoY to INR33.09bn. The company’s expenses remained largely in line with the previous year at INR27.97bn from INR28.02bn. Shree Cement also reappointed Hari Mohan Bangur as managing director of the company for a further period of five years. His reappointment is expected to come into ... |
Shree Cement receives approval for rooftop solar project14 January 2021, Published under Cement NewsThe Jharkhand State Electricity Regulatory Commission (JSERC), in India, has approved the net metering connectivity requested by Shree Cement for a captive rooftop solar power project of 1.99MW at 132kV supply. The state regulator said that connectivity would be provided subject to the fulfillment of requirements concerning system protection, data communication, and metering of the Jharkhand Urja Sancharan Nigam Ltd, State Load Despatch Center and the Jharkhand Bijli Vitran Nigam Ltd (... |
Shree Cement orders next generation MVR mill from Gebr Pfeiffer17 November 2020, Published under Cement NewsShree Cement is building a new clinker line near Raipur, India. The raw mill and the coal mill have now been ordered from Gebr Pfeiffer. The new raw material mill, type MVR 6000 R-6, is equipped with an installed drive power of 8700kW and will produce 800tph of raw meal for cement production. The mill will also be equipped with an SLS 6000 VR high-efficiency classifier, which has been optimally adapted for the MVR mill. Some components of GPpro will be part of the delivery. As such, G... |
Shree Cement records 64% increase in profit12 November 2020, Published under Cement NewsIndia’s Shree Cement has seen a 64 per cent YoY increase in consolidated net profit to INR5.23bn (US$70.71m) for the quarter ending 30 September 2020, compared with INR3.13bn in the corresponding period of last year. Revenue from operations advanced eight per cent to INR32.5bn from INR30.04bn in the 2QFY19-20. The company’s EBITDA also rose 17 per cent YoY to INR9.9bn. In the first half of FY20-21, revenue from operations declined 9.1 per cent YoY to INR57.3bn from INR63.07bn. Consolidate... |
Shree Cement plans new INR10bn plant30 September 2020, Published under Cement NewsIndia’s Shree Cement has received board approval to set up a new clinker plant in Baloda Bazar, Chhattisgarh. The unit could have a capacity up to 12,000tpd and is expected to represent an investment of around INR10bn (US$135.66m). Shree plans to finance the project through internal accruals and debt. It is expected to reach completion by the end of the 3Q22. |
Shree Cement sees 14% fall in net profit12 August 2020, Published under Cement NewsIndia’s Shree Cement has seen a 13.5 per cent YoY fall in net profit to INR3.3bn (US$44.17m) for the June quarter of FY20-21, compared with INR3.82bn in the year-ago period. Revenue also declined 24 per cent to INR24.8bn from INR33.02bn. However, expenses also decreased 25 per cent to INR21.63bn due to lower raw materials costs. The company’s EBITDA dropped 22 per cent YoY to INR7bn, while EBITDA/t finished at INR14.22bn. |
Shree Cement posts 58% increase in profit12 May 2020, Published under Cement NewsIndia’s Shree Cement has seen a 57.6 per cent rise in consolidated net profit to INR5.36bn (US$70.78m) in the quarter ending 31 March 2020, compared with INR3.12bn in the year-ago period. The company’s total income remained largely consistent with last year at INR35.13bn from INR35.38bn. In the 4QFY19-20, the company’s fuel and power expenses declined 19.8 per cent YoY to INR6.98bn. During the full FY19-20 period, Shree Cement’s net profit advanced 52.1 per cent YoY to INR15.44bn from ... |
Indian industries look for lockdown exit strategy15 April 2020, Published under Cement NewsWhile many Indian industries were preparing strategies for a partial lifting of the country’s lockdown, some members of the cement industry were reportedly aiming to wait an additional week before deciding whether to resume operations. "There are two issues – demand for cement is not there as construction is put on hold and all expenses of capex are getting deferred. Secondly, there is a big issue on logistics," said H M Bangur, managing director of Shree Cement. In addition, Mr Bangur not... |
Shree Cement to shut all production facilities in Rajasthan24 March 2020, Published under Cement NewsIndia’s Shree Cement has announced that it is undertaking measures to shut down all of its Rajasthan-based plants until 31 March 2020, or further notice, according to a statement. The news follows the Government of Rajasthan issuing a direction for the closure of all production facilities in the state to control the community transmission stage of COVID-19. |