Shree Cement
| Public company (BSE: 500387) | |
| Industry | Cement manufacturing (17.5 Million Tonnes per Annum and Power Generation (597 Mw total installed capacity) |
| Headquarters | Beawar, India |
Key people |
Benu Gopal Bangur (Executive Chairman) Hari Mohan Bangur (Managing Director) Subhash Jajoo (C.F.O) R. L. Gaggar (Director) O. P. Setia (Director) Shreekant Somany (Director) Abid Hussain (Director) Y. K. Alagh (Director) Nitin Desai (Director) |
| Revenue | ₹58.58 billion (US$860 million) 2013-2014[1] |
Shree Cement (500387 SHREECEM Group (A), SHREECEM NSE) is primarily an Indian cement manufacturer. It was founded in Beawar in the Ajmer district of Rajasthan in the year 1979, and is now one of the biggest cement makers in Northern India. It also produces and sells power under the name Shree Power (Captive Power Plant) and Shree Mega Power (Independent Power Plant). Turnover of the company for 2013-14 was ₹58.58 billion (US$860 million) and Net profit was ₹7.872 billion (US$120 million), 2012-13 was ₹55.90 billion (US$820 million) and net profit was ₹10.39 billion (US$150 million); 2011-12 was ₹34.53 billion (US$510 million) and Net profit was ₹2.097 billion (US$31 million); for 2010-11 it was ₹36.34 billion (US$530 million) and net profit was ₹6.76 billion (US$100 million); In 2008-09 the company posted a turnover of ₹21.29 billion (US$310 million) and generated operating profit of ₹2.603 billion (US$38 million).[2] Since 2006, it has more than quadrupled its production capacity both by expanding into new areas and increasing the capacities of the existing plants.[3] Plants are located in Beawar, Ras, Khushkhera, Jobner (Jaipur) and Suratgarh in Rajasthan, Laksar (Roorkee) in Uttarakhand and Aurangabad in Bihar.[4]
Shree Mega Power
It has two 150 MW units in Beawar (2 km from the existing Cement Unit). This unit has a world record for fastest construction.
Shree Power
The company has installed 120 MW captive power plants split into two locations (Beawar & Ras) to meet the complete power needs of a 15 million tonne Integrated Cement Plant. Commissioned 2x18 MW Greenfield Power Plant at Beawar in 2002 and running successfully. One 6 MW TG is also operating successfully with excess steam available from this 2x18 MW Power Plant. 4x18 unit is operational in RAS plant (40 km from Beawar). At same location 2x50 MW unit also exists and being fully operational. Company also believes in producing power from waste heat recovery methods (from Cement Kiln and preheat). Making a total of 265MW captive power along with 300MW independent.[5]
Awards
- 2012-13 Golden Peacock Business Excellence Award for the year 2013
- 2012-13 State Level Productivity Excellence Award
- 2012-13 Best Corporate Social Responsibility Practice Award by BSE
- 2012-13 Global HR Excellence award for organization with Innovative HR practices at World HRD congress
- 2012-13 Global HR Excellence award for HR research of the year at World HRD congress
- 2012-13 Mother Teresa Corporate Citizen Award by Loyola Institute of Business Administration, Chennai
- 2012-13 Nirmata Rajya Mitra Award by the Department of Taxation for the year 2011-12
- 2012-13 International Green Apple Gold award and Green Hero Title by Green Organization, London
- 2012-13 CSR award by Suratgarh Municipality to SGU
- 2012-13 Dainik Bhaskar Green Idol award
- 2012-13 First Prize for Energy conservation during mines environment & conservation week by IBM
- 2012-13 Skoch Digital inclusion award 2012
- 2012-13 Financial Express – Emergent Venture India Green Business Leader Award, 2011–12
- Greentech HR Gold for outstanding achievement in Best Strategy-2012
- Mother Teresa Award for Corporate Citizen 2012
- 2011-12 Jal Star Award by Dainik Bhaskar for the year 2011-12
- 2011-12 Nirmata Rajya Mitra Award by the Department of Taxation for the year 2010-11
- 2011-12 Productivity merit award for HR Innovative Practices for the year 2009-10
- 2011-12 Greentech HR Gold award for best Strategy in HR practices 2011-12
- 2011-12 CII-ITC sustainability award commendation certificate for significant achievement.
- 2011-12 First Prize for Noise & Ground vibrations during mines environment & conservation week by IBM
- 2011-12 First prize for overall performance in 25th Mines Safety Week under Director General of Mines safety, Ajmer region to Ras mines
- 2011-12 UIT Bhiwadi award to KKG unit for CSR activities
- 2011-12 National awards for Excellence in Water Management 2011 as “Water Efficient Unit” by CII
- 2011-12 NCCBM Award for Environment Excellence for the year 2009-10
- 2011-12 NCCBM Award for Second Best Quality Excellence for the year 2009-10
- 2011-12 NCCBM Award for Second Best Quality Excellence for the year 2010-11
- 2011-12 Certificate of Excellence Award by The Employers Association of Rajasthan
- 2011-12 New World Sustainability Champions by the World Economic Forum (WEF)
- 2011-12 National award for cost management by Institute of Cost and Works Accountants of India
- 2011-12 Best Innovation Award Gold by CIOL Dataquest Enterprise C-Change Enterprise Awards 2011
- 2011-12 Second prize of Bhiwadi Manufacturer’s Association BMA Award -R.L. Rajgarhia Award for Energy Conservation 2010 to KKGU.
- 2011-12 Jamnalal Bajaj award for Fair Business Practices
- ICC Sustainability Vision Award 2010-11 by Indian Chamber of Commerce for “CSR contributing inclusive growth”
- CII-ITC Sustainability Award - 2010 for nurturing innovation, promoting excellence, building trust and contribution towards sustainable future for all
- Greentech HR Excellence Silver Award in best Strategy - 2010
- National Award for Excellence in Energy Management - 2010 by Confederation of Indian Industry (CII)
- Productivity Merit Award for year 2009-10 through Rajasthan State Productivity Council, Jaipur
- National Award for Excellence in Cost Management - 2009 by The Institute of Cost & Works Accountants of India (ICWAI)
- Golden Peacock Award by Institute of Directors for Climate Security
- FE-EVI Green Business Leadership Award by Financial Express & Emergent Ventures India for Green Business Practices
- Best Employer Award by The Employers Association of Rajasthan.
References
- ↑ Shree, Cement. "Financial Reports". www.shreecement.in. Shreecement. Retrieved 19 March 2015.
- ↑ Shree, Cement. "Financial Reports". www.shreecement.in. Shreecement. Retrieved 19 March 2015.
- ↑ Business, Today (28 Sep 2014). "Concrete Growth". Business Today (Sept 2014) (Businesstoday). News. Retrieved 19 March 2015.
- ↑ Shree, Cement. "Locations". www.shreecement.in. Shreecement. Retrieved 19 March 2015.
- ↑ http://www.shreecement.in
- ↑ http://www.shreecement.in/awards.html