Shree Cement Ltd
NSE: SHREECEM BSE: 500387
₹26075
(-2.51%)
Tue, 03 Mar 2026, 01:57 pm
Market Cap940.97B
PE Ratio52.49
Dividend0.54
Non-Energy Minerals
Construction Materials
24.5KCompany History
1979
- Incorporated on 25th October in Jaipur by Bangur family and promoters including Shree Digvijay Cement, Graphite India, and Fort Gloster Industries.
- Adopted dry process four stage preheater precalcination technology.
- Entered agreements with F.L. Smidth & Co. and Larsen & Toubro for plant equipment.
1984
- 70 equity shares subscribed by signatories.
- Issued 1,53,99,930 equity shares to promoters, directors, NRIs, and public.
1985
- Commercial production commenced on 1st May.
1986
- Installed 13.6 MW diesel generating set for captive power.
1987
- Issued 46,00,000 shares to financial institutions on loan conversion.
1991
- Production declined due to shutdown for modernisation.
- Undertook 0.6 MTPA cement plant in Rajasthan.
- Issued 7,96,000 equity shares to financial institutions on loan conversion.
1992
- Allotted 36,00,000 shares to FLT Ltd.
1993
- Implemented second stage expansion to 3300 TPD capacity.
- Issued 21,975 16% debentures with equity warrants.
- Issued 2,40,021 shares pursuant to amalgamation.
1994
- Issued 10,00,000 16% Secured Redeemable NCDs on private placement.
- Amalgamated with leasing company; Mannakrishna Investment Ltd. became subsidiary.
1995
- Issued 43,95,000 equity shares on surrender of warrants.
- Undertook implementation of Raj Cement unit (1.24 MTPA).
1996
- Commissioned Raj Cement plant (1.24 MTPA) in Beawar.
- Issued 58,06,204 rights shares (1:5).
1998
- Decided to issue Rs 15 crore preference shares.
- ICRA downgraded NCD rating from LAA to LA.
- Commissioned Rs 372-crore 1.25 MTPA cement plant near Ajmer.
1999
- Awarded first prize for energy conservation in cement sector.
2002
- Units I and II received National Awards for Best Electrical and Thermal Energy Performance (2000-01).
- Changed accounting year to April-March.
- Appointed Mr. M.K. Singhi as Executive Director.
- Approved early redemption of cumulative redeemable preference shares.
- Re-appointed Mr. B.G. Bangur as Executive Chairman and H.M. Bangur as Managing Director.
2003
- Approved delisting from Jaipur, Kolkata, Delhi, and Chennai stock exchanges.
- Received Runner-up National Safety Award.
- Received National Award for Excellence in Energy Management by CII.
- Delisted from Madras Stock Exchange.
2004
- Conferred BEST PRODUCTIVITY AWARD-2003 by Rajasthan State Productivity Council.
- Received RCCI Excellence Award for Best Corporate Governance.
- Delisted from Calcutta Stock Exchange.
2005
- Commissioned 6 MW captive Thermal Power Plant in Rajasthan.
- Received TERI Corporate Award.
- Launched Bangur Cement in February.
2006
- Received CII Energy Excellence Management Award 2005.
2007
- Received Best Corporate Governance Award by RCCI.
- Appointed Shri Amitabha Ghosh as Director.
- Received National Awards for Excellence in Water Management.
- Launched Tuff Cemento 3556.
2008
- Received RCCI Excellence Award.
- Received CII National Award for Excellence in Water Management as Water Efficient Unit.
2009
- Commissioned additional clinker capacity of 1 MTPA.
2011
- Identified as New Sustainability Champion by World Economic Forum.
- Recommended final dividend of Rs 8 per share.
2012
- Recommended final dividend of Rs 8 per share.
2013
- Lit up 6000 TPD Clinker Manufacturing Unit at Bangur City, Ras, Pali, Rajasthan.
- Received Mother Teresa Award for Corporate Citizen.
- Conferred Nirmata Rajya Mitra Award for highest tax payer.
- Received Social and Corporate Governance Award for CSR.
- Received Golden Peacock Business Excellence Award.
- Organized massive blood donation camp as CSR.
2014
- Inaugurated 2 MTPA unit at Bangur City, Ras, Pali, Rajasthan.
- Commissioned 2 MTPA Grinding Unit at Aurangabad, Bihar.
- Started commercial production of Grinding Unit.
- Executed Business Transfer Agreement with Jaiprakash Associates for Panipat unit; received CCI approval.
2015
- Commissioned 2.6 MTPA Cement Mill Section at Baloda Bazar, Chhattisgarh.
- Completed phase-2 of Ras New Cement Unit, adding 2 MTPA capacity.
- Completed acquisition of 2 MTPA cement grinding unit from Jaiprakash Associates for Rs 358.22 crore.
- Commissioned 1.5 MTPA Clinker manufacturing unit at Baloda Bazar, Chhattisgarh.
- Commissioned Grinding Unit at Bulandshahr, Uttar Pradesh.
2016
- Secured first non-coal mining lease in Chhattisgarh.
- Received 5-star ranking for cement plants.
- Secured coal linkage for Chhattisgarh cement plant.
2017
- Announced Rs 1,000 crore investment for greenfield projects in West Bengal and Odisha.
- Won coal linkage auction from Coal India (SECL) for captive power plant in Chhattisgarh.
2018
- Commissioned new cement grinding unit.
- Incorporated two investment firms in Dubai.
- Secured coal linkage for cement plants at Raipur, Chhattisgarh.
2019
- Launched Roofon and Bangur Power brands.
- Commissioned grinding unit in Saraikela Kharsawan, Jharkhand.
2020
- Received 'Great Place to Work' certificate.
- Received Corporate Governance & Sustainability Vision Award.
2021
- Started commercial production at Odisha unit.
2022
- Commenced commercial production at 3 MTPA Clinker Grinding Unit at Patas, Pune District, Maharashtra.
2023
- Commenced commercial production at 3 MTPA clinker grinding unit in Purulia district, West Bengal.
2024
- Started commercial production at Nawalgarh Cement Plant.
- Launched new Bangur identity and Bangur Magna Cement.
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