Shree Cement has emerged as a leader in the cement industry by achieving a remarkable 60% green power usage. This milestone underscores the company’s commitment to sustainability and reducing its environmental footprint. According to a report by Construction World, Shree Cement has surpassed its peers in the sector by leveraging renewable energy sources to power its operations.

The company’s green power usage is a result of its strategic investments in wind and solar power generation. Shree Cement has installed wind power plants with a total capacity of 266.5 MW, which generates approximately 663 million units of electricity annually. Additionally, the company has also set up solar power plants with a capacity of 116.5 MW, which produces around 229 million units of electricity per year.

The use of green power has not only reduced Shree Cement’s dependence on fossil fuels but has also led to a significant decrease in its carbon emissions. The company’s carbon footprint has been reduced by approximately 435,000 tons per annum, which is equivalent to planting around 2.5 million trees. This reduction in emissions has earned Shree Cement the distinction of being one of the most sustainable cement companies in the world.

Shree Cement’s commitment to sustainability is reflected in its various initiatives, including the use of alternative fuels, energy-efficient technologies, and waste management practices. The company has also implemented a range of measures to reduce water consumption and minimize waste generation. By adopting sustainable practices, Shree Cement aims to minimize its environmental impact while also ensuring long-term economic viability.

The company’s efforts have been recognized by various national and international organizations, including the Confederation of Indian Industry (CII) and the International Energy Agency (IEA). Shree Cement has received numerous awards for its sustainability initiatives, including the “Most Sustainable Company” award at the CII-ITC Sustainability Awards.

In conclusion, Shree Cement’s achievement of 60% green power usage is a testament to the company’s dedication to sustainability and reducing its environmental footprint. By leveraging renewable energy sources, reducing carbon emissions, and adopting sustainable practices, Shree Cement has set a new benchmark for the cement industry. As the demand for sustainable and environmentally friendly products continues to grow, Shree Cement is well-positioned to lead the way in the sector.

Shree Cement, a leading cement manufacturer, has made significant strides in sustainable manufacturing, with over 60% of its total electricity consumption now being met through green power. The company’s renewable energy capacity has grown to 582 MW, solidifying its position as a front-runner in low-carbon cement production. This achievement is a result of the company’s strategic focus on climate-resilient operations and its aggressive investment in renewable infrastructure, including the recent commissioning of a 60.3 MW solar plant in Jodhpur.

Shree Cement’s commitment to sustainability is a central pillar of its growth strategy, and the company has made significant investments in renewable energy, including solar, wind power, and waste heat recovery systems. The company aims to set new benchmarks for the entire cement industry, and its transition to green power is driven by a long-term commitment to a cleaner, more responsible future. As Mr. MM Rathi, Joint President – Power Management, Shree Cement, notes, “We are building a future-ready enterprise rooted in sustainability, innovation, and performance.”

The company has integrated green energy solutions into every aspect of its value chain, from sourcing and production to packaging and logistics. This approach not only reduces the company’s carbon footprint but also ensures long-term energy security and operational resilience. To support this transition, Shree Cement has implemented data-driven energy management systems that improve efficiency and reduce dependence on fossil fuels.

Shree Cement’s sustainability efforts have earned the company prestigious recognition, including a CareEdge ESG 1 rating and the title of “Industry Mover” in the S&P Global Sustainability Yearbook 2025. These accolades reflect the company’s leadership in ESG performance and its commitment to sustainable practices. As the company continues to push the boundaries of sustainable manufacturing, it is poised to set new industry benchmarks and inspire others to follow in its footsteps. With its strong focus on sustainability, innovation, and performance, Shree Cement is well-positioned for long-term success and growth.

Shree Cement, one of India’s largest and most efficient cement manufacturers, has been awarded the prestigious CARE ESG (Environmental, Social, and Governance) 1 rating. This recognition is a testament to the company’s commitment to environmental and social leadership. The CARE ESG rating is a comprehensive framework that evaluates a company’s performance across various environmental, social, and governance parameters.

The rating takes into account factors such as energy efficiency, water conservation, waste management, and pollution control, among others. Shree Cement’s efforts in reducing its carbon footprint, promoting sustainable practices, and engaging with local communities have been particularly noteworthy. The company has implemented various initiatives to minimize its environmental impact, including the use of alternative fuels, renewable energy sources, and energy-efficient technologies.

Shree Cement’s commitment to social responsibility is also reflected in its various community development programs, which focus on education, healthcare, and livelihood enhancement. The company has established schools, healthcare centers, and vocational training centers in the areas where it operates, with the aim of improving the quality of life for local residents. The company’s governance practices, including its board composition, audit practices, and disclosure norms, have also been recognized as being of high standards.

The CARE ESG 1 rating is the highest rating awarded by CARE Ratings, a leading credit rating agency in India. This recognition is a significant achievement for Shree Cement, as it demonstrates the company’s dedication to sustainability, social responsibility, and good governance. The rating is expected to enhance the company’s reputation and credibility among stakeholders, including investors, customers, and regulatory bodies.

Shree Cement’s Managing Director, Hari Mohan Bangur, stated that the company is committed to sustainability and social responsibility, and that the CARE ESG 1 rating is a validation of its efforts in these areas. The company aims to continue its focus on environmental and social leadership, and to set new benchmarks for sustainability in the cement industry. With this recognition, Shree Cement has reaffirmed its position as a responsible and sustainable business leader in India, and is well-positioned to contribute to the country’s growth and development in a sustainable and environmentally-friendly manner.

Shree Cement, one of India’s leading cement manufacturers, has received a significant income tax demand of Rs. 588.65 crore for the financial year 2021-22. The tax demand was raised due to disallowed expenses claimed by the company in its income tax return. The company plans to contest the demand legally, citing clear errors in the assessment order. According to Shree Cement, the demand includes interest and is primarily due to disallowances made by the tax department during the assessment process.

The company received the final assessment order on May 27, 2025, under Section 143(3) of the Income Tax Act, 1961, from the Assistant Commissioner of Income Tax, Central Circle, Ajmer. This followed an earlier draft assessment order issued in April 2025. Shree Cement believes that once the errors in the order are corrected, the tax demand will decrease substantially. The company also expects that any remaining disputed amount will be adjusted against refunds it is yet to receive from the Income Tax Department, potentially eliminating the need for fresh payments.

Shree Cement is taking legal steps to address the tax demand, exploring all available options under the law to protect its interests. The company has consulted with legal experts and is confident that the development will not impact its financial position, business operations, or day-to-day activities. In similar cases, tax authorities and appellate bodies have passed favorable orders in the past, and the company expects a similar outcome this time.

It is worth noting that there are no penalties or sanctions mentioned in the order, and the company has not been accused of any wrongdoing. Shree Cement continues to comply with all legal and regulatory requirements. The company has informed investors and the public about the development through a regulatory filing, as part of its responsibility to keep stakeholders updated on important matters.

Overall, Shree Cement is confident in its ability to navigate the tax demand and minimize its impact on the company’s operations. With a strong track record of compliance and a history of favorable outcomes in similar cases, the company is well-positioned to address the tax demand and emerge with minimal disruption to its business.

A national-level hackathon, “CemHack for Green Infra,” was launched on May 20, 2025, at the National Council for Cement and Building Materials (NCB) in Ballabgarh. The event was inaugurated by Shri Sanjiv, Joint Secretary, Department for Promotion of Industry and Internal Trade (DPIIT), Ministry of Commerce and Industry. The hackathon aims to promote innovation in the cement and construction sectors, with a focus on sustainability and green infrastructure.

The NCB Incubation Centre (NCB-IC) has organized the hackathon, which will provide a platform for startups, professionals, individuals, students, and academia to showcase their innovative ideas and solutions for the cement sector. The competition has two tracks, one for startups and professionals, and the other for students and academia. The themes for the hackathon include green cement, green process, green concrete, carbon capture and storage, logistics and supply chain, and achieving net-zero targets.

The winners of the hackathon will receive cash rewards of up to ₹1 lakh and incubation or mentoring opportunities at NCB-IC. Registrations for the hackathon are open from May 20 to July 20, 2025, and participation is free of cost. The event has garnered interest from research scholars, students, industry leaders, and NCB scientists, and is expected to result in promising startup success stories.

The Director General of NCB, Dr. L P Singh, emphasized the importance of the hackathon in driving sustainability and highlighted recent milestones, including a DST-funded CCU test bed project with IIT Roorkee and JK Cement Ltd. He also announced the upcoming establishment of a Centre of Excellence for CCU at NCB. The event was attended by prominent figures, including the Director of IIT Roorkee, Prof. K K Pant, and the Chairman of NCB and MD of Shree Cement Ltd., Shri Neeraj Akhoury.

The hackathon is a significant initiative in promoting innovation and sustainability in the cement and construction sectors, and is expected to have a positive impact on the industry. With its focus on green infrastructure and sustainable solutions, the hackathon is in line with the government’s goals of reducing carbon emissions and promoting environmentally friendly practices. The event is a great opportunity for participants to showcase their innovative ideas and solutions, and to contribute to the development of a more sustainable and environmentally friendly cement and construction industry.

The 8th All India Shree Cement Bridge Championship is currently underway at the Biswa Bangla Convention Centre in Kolkata. The team event has reached the semi-final stage, with four teams qualifying: Mavericks, Formidables, Rampage, and Team Monica Jajoo. Mavericks, comprising three foreign players and three Indian players, dominated their quarter-final match against Team Arun Jain, winning all three rounds with a total score of 104-43 International Match Points (IMPs).

The Formidables, defending champions, also made it to the semi-finals after a hard-fought win against Dhampur Sugar Mills. Despite a strong comeback from Dhampur Sugar in the final round, Formidables won the match with a total score of 68-45 IMPs. Rampage, meanwhile, defeated Chefs Table, winning the first two rounds and ultimately emerging victorious with a score of 78-58 IMPs.

Team Monica Jajoo had to struggle to edge past EA Bridge, winning by a narrow margin of 54-47 IMPs. The semi-final matches are currently underway, with Mavericks facing off against Rampage and Formidables taking on Team Monica Jajoo. After two rounds, Formidables are leading with a score of 72-13 IMPs, while Mavericks are ahead with a score of 48-17 IMPs.

In addition to the team event, the Match Point Pairs event of the championship also commenced, with the top six pairs after the first session being: Pinaki Prasad and Satyabrata Mukherjee, Suvbhajit Chowdhury and Souvik Kar, Abhijit Pal and Kamna Sharma, Partha Sarathi and Subir Majumdar, A.K. Guha and Biplab Dawn, and Bhola Nath Ghosh and Dipak Kumar Paul. The championship is expected to conclude soon, with the winners of the team and pairs events being crowned. The competition is fierce, and the outcome is still uncertain, making for an exciting finish to the tournament.

Shree Cement Limited is hosting a three-day Hanuman Katha event from April 7th to 9th, 2025, at its Beawar plant. The event will feature spiritual leader Swami Shri Govind Dev Giri Ji Maharaj, who will deliver discourses on the teachings of Lord Hanuman, a symbol of strength, humility, and devotion. The event is expected to attract over 5,000 devotees and promises to be a profound spiritual experience, offering wisdom, courage, and inspiration.

Swami Govind Dev Giri Ji Maharaj has spent over five decades sharing the teachings of Srimad Bhagavat, Ramayan, and Mahabharat, guiding millions of people to connect with their faith and inner strength. He has also been instrumental in reviving India’s spiritual consciousness and inspiring devotion, righteousness, and selfless service. As the treasurer of Shri Ram Janmbhoomi Teertha Kshetra trust, he has dedicated his life to preserving and imparting India’s sacred wisdom to future generations.

Shree Cement, a leading industrial powerhouse in Rajasthan, has organized this event to create a space for reflection, devotion, and collective well-being. The company aims to reinforce values that form the essence of a harmonious society, making it more than just an industrial entity. The event is a testament to Shree Cement’s commitment to the spiritual and cultural development of the region, and is expected to be a significant spiritual experience for those who attend.

Alipore is a prestigious neighborhood in Kolkata, India, known for its tree-lined boulevards, stunning British-era bungalows, and high-end properties. It’s a status symbol that attracts India’s elite, including billionaires, business tycoons, and royalty. This article highlights the residents of Alipore, showcasing their impressive net worth, business empires, and luxurious lifestyles.

Sanjiv Goenka, one of India’s top industrialists, is a resident of Alipore. He is the chairman of the RP-Sanjiv Goenka Group, a $4.5 billion empire with interests in power, retail, entertainment, FMCG, and sports. The group’s assets include the CESC Limited power utility, snack brand Too Yumm!, and cricket teams like the Lucknow Super Giants and Mohun Bagan Super Giant.

Another prominent resident is HM Bangur, Managing Director of Shree Cement, who has a family fortune worth $8.3 billion. The Bangurs are Kolkata’s richest industrial family, and their ancestral bungalow in Alipore exudes understated wealth.

The Burdwan Royal Family, a zamindari dynasty with a legacy dating back to 1657, also resides in Alipore. Their winter palace, Bijay Manzil, is a sprawling Victorian-era mansion used for exclusive events and parties.

Alipore is the ultimate destination for Kolkata’s upper class due to its unique combination of heritage charm, modern privacy, top-tier education, and tranquil atmosphere. The neighborhood is well-connected to the city’s major landmarks yet maintains a serene environment, making it an ideal retreat for those seeking luxury and discretion.

Although Alipore is the crown jewel of Kolkata’s elite neighborhoods, other areas like New Alipore, Ballygunge, Gariahat, Salt Lake, Rajarhat, and EM Bypass also offer high-end living options for the city’s wealthy residents.

Shree Cement, a leading cement manufacturer in India, has been recognized as a top winner at the CAP 2.0 Award 2024 in the ‘Resilient’ category for its commitment to climate action and sustainability. The award, presented by the Confederation of Indian Industry (CII), evaluates companies based on their maturity in addressing climate-related risks and opportunities. Out of 21 winners across industries, Shree Cement was one of the top 10 companies recognized in the Energy, Mining & Heavy Manufacturing sector and one of only six to receive the highest ‘Resilient’ ranking.

Shree Cement’s Managing Director, Neeraj Akhoury, attributes the achievement to the company’s commitment to sustainability and climate action. He notes that adaptability and long-term environmental responsibility are crucial for balancing growth with sustainability, and the company is dedicated to achieving scientific emission targets, efficient resource utilization, and impactful mitigation initiatives.

This recognition underscores Shree Cement’s leadership in emission reduction and sustainable operations. The company has set industry benchmarks in climate action and remains committed to aligning its operations with global best practices in sustainability and environmental responsibility. The CAP 2.0 Award 2024 reinforces Shree Cement’s dedication to contributing to India’s transition to a low-carbon future while ensuring long-term business continuity. With this achievement, Shree Cement continues to demonstrate its commitment to climate action and sustainability, making it a model for other companies to follow.