Shree Cement Ltd, one of India’s largest and most cost-efficient cement manufacturers, has taken a significant step in expanding its production capacity.
On April 20, 2025, the company commissioned a new clinker grinding unit at Baloda Bazar, Raipur, Chhattisgarh, as part of its brownfield expansion plan. The newly established unit has a capacity of 3.40 million tonnes per annum (MTPA), enhancing Shree Cement’s operational footprint in the region. This comes on the heels of the company’s successful commercial production launch at its previous clinker grinding facility in Etah, Uttar Pradesh, with a capacity of 3.0 MTPA.With this latest expansion, Shree Cement further cements its position as the third-largest cement manufacturer in India, boasting an impressive installed capacity of 46.4 MTPA. The company has gained recognition for its consistent focus on cost efficiency and innovation in production, making it a key player in the Indian cement industry.
Shree Cement’s diverse product range caters to various construction needs, with flagship brands such as Bangur Rockstrong and Bangur Powermax. These brands offer different types of cement, including Portland Pozzolana Cement, Ordinary Portland Cement, and Portland Slag Cement, all of which serve the growing demand in India’s robust infrastructure and real estate sectors.In addition to its expansion efforts, Shree Cement has also shown a strong commitment to sustainability. The company’s Green Pro Ecolabel-certified Shree Heat Shield AAC blocks highlight its focus on eco-friendly building materials, further reinforcing its environmentally conscious production processes.
As of March 2025, Shree Cement’s shareholder structure includes 62.56% ownership by promoters, 9.70% by Foreign Institutional Investors (FIIs), 15.07% by Domestic Institutional Investors (DIIs), and 12.42% by public shareholders. The company’s financials are robust, with a market capitalization exceeding INR 1 lakh crore. The stock has seen an impressive 31.5% increase from its 52-week low of INR 23,500.15 per share.
The company’s financial metrics are equally promising. Shree Cement has maintained a price-to-earnings (P/E) ratio of 91x, with a return on equity (ROE) of 12% and a return on capital employed (ROCE) of 15%. The cement manufacturer also boasts a healthy dividend payout ratio of 19.4%, reflecting strong profitability and prudent financial management. Furthermore, its debt remains manageable at INR 1,682 crore, which adds to the company’s appeal to investors.
Shree Cement’s ability to expand its production capacity while maintaining financial stability underscores its strategic vision for growth. With the new clinker grinding unit now operational, the company is poised to meet the growing demand for high-quality cement in India’s rapidly developing infrastructure and real estate sectors.Investors and stakeholders in the cement and construction industries should continue to monitor Shree Cement’s performance closely. The company’s expanding footprint, combined with its financial resilience and sustainability efforts, positions it well for continued growth and success in the years ahead.
Shree Cement Expands Operations with New Grinding Unit
