The Jaiñtia National Council (JNC) has accused Shree Cement Limited of illegally purchasing land in East Jaintia Hills, Meghalaya, for its proposed integrated cement plant. The JNC alleged that the land was bought by Bharat Sharma from Syrpailang Sukhlain without the necessary permission from the competent authorities, as required by the Meghalaya Transfer of Land Regulation Act, 1971. This act prohibits the transfer of land without the approval of the Jaintia Hills Autonomous District Council (JHADC).

The JNC submitted a memorandum to the Deputy Commissioner, Shivansh Awasthi, highlighting the alleged irregularities in the land purchase. The Environmental Impact Assessment (EIA) report submitted by Shree Cement Limited to the Meghalaya State Pollution Control Board (MSPCB) lacked essential documents, including JHADC approval, mutation records, and permission under the 1971 Act. The JNC claimed that this renders the land deal void and demanded an immediate inquiry into the land ownership and authenticity of documents.

The JNC president, Sambormi Lyngdoh, criticized the MSPCB for not scrutinizing the land ownership and proceeded with the project without proper verification. Lyngdoh also expressed skepticism about Shree Cement’s promises of employment opportunities, citing the lack of local skills and training plans. The JNC has been advocating for the Save Jaiñtia Mission since 2024, which includes mandatory local hiring policies, but the government has not taken action.

The JNC is demanding that the MSPCB and the State Environment Impact Assessment Authority halt the public hearing for the project, citing the risks of setting a dangerous precedent for tribal land dispossession. The JNC is seeking a thorough investigation into the matter and is calling for the protection of tribal lands and the rights of the local community. The alleged illegal land purchase has raised concerns about the potential exploitation of tribal lands and the need for stricter regulations to prevent such incidents in the future.

The Jaintia National Council (JNC) has lodged a formal complaint with the East Jaintia Hills Deputy Commissioner, Shivansh Awasthi, against Shree Cement Limited’s proposed Integrated Cement Plant in Daistong village. The JNC alleges that the company has illegally purchased land from a tribal landowner, Syrpailang Sukhlain, in violation of the Meghalaya Transfer of Land Regulation Act, 1971. This act prohibits the transfer of land from tribals to non-tribals without the permission of the competent authorities and the Jaintia Hills Autonomous District Council.

The JNC claims that the company’s Environmental Impact Assessment (EIA) report, submitted to the Meghalaya State Pollution Control Board (MSPCB), lacks essential documents, including approval from the Autonomous District Council and mutation records. The organization demands that the MSPCB suspend the scheduled public hearing for the project until the land ownership issues are fully verified.

The JNC also criticizes the MSPCB for allegedly failing to scrutinize the land ownership and enabling corporate overreach at the expense of tribal rights. The organization dismisses the company’s promises of employment opportunities, citing the lack of local skills and training plans. The JNC has been advocating for the implementation of a new policy to create jobs for locals since 2024, but the demand remains unaddressed.

The JNC has warned of civil unrest if the project proceeds without resolving the outstanding issues and has threatened to hold the government accountable for any agitation stemming from procedural lapses. The Deputy Commissioner has assured the JNC that the matter will be taken up with higher authorities and that a response will be provided within a few days.

The JNC is demanding an immediate inquiry into the land ownership and authenticity of documents, as well as directives to the MSPCB and State Environment Impact Assessment Authority to halt the public hearing. The organization is determined to protect the rights of the tribal community and ensure that the project is implemented in a transparent and lawful manner. The outcome of this dispute will have significant implications for the future of the project and the community.

The Jaintia National Council (JNC) is calling for a halt to a public hearing scheduled for December 2025 regarding the proposed Shree Cement Project in East Jaintia Hills, Meghalaya. The project has been marred by allegations of illegal land transfer from a tribal landowner to a non-tribal individual, which the JNC claims violates the Meghalaya Transfer of Land Regulation Act, 1971, and the Jaintia Hills Autonomous District Council (ADC) rules.

According to the JNC, the Environmental Impact Assessment (EIA) report for the project lacks essential documents, including approval from the ADC and mutation records. The council is demanding that the public hearing be stopped until these issues are resolved. The JNC has also accused the Meghalaya State Pollution Control Board (MSPCB) of failing to scrutinize the land ownership and potentially harming tribal rights protected by the Constitution.

The JNC is seeking an inquiry into the land ownership and has warned of civil unrest if the project proceeds without resolving these issues. The council has also expressed skepticism about the employment promises made by Shree Cement, citing a lack of local skills and training plans. The JNC president, Sambormi Lyngdoh, has stated that the project’s advancement without addressing these concerns would be a breach of established norms and potentially harm the interests of the local tribal community.

The JNC’s demands highlight the need for transparency and accountability in the project’s development process. The council’s concerns about land ownership, environmental impact, and employment opportunities must be addressed before the project can move forward. The MSPCB and other relevant authorities must ensure that the project complies with all relevant laws and regulations, including those related to tribal rights and environmental protection. Ultimately, the JNC’s call for a halt to the public hearing is a necessary step to ensure that the rights of the local community are protected and that the project is developed in a responsible and sustainable manner.

Shree Cement, a leading Indian cement manufacturer, has reported a strong performance in the second quarter of the fiscal year, with a 46% growth in EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization). The company’s robust financial results were driven by its efficient operations, cost-saving measures, and strategic expansion plans.

The company’s revenue from operations increased by 24% year-over-year, reaching ₹3,415 crore (approximately $450 million USD) in Q2. The growth in revenue was driven by a 22% increase in cement sales volume, which reached 7.5 million tons during the quarter. The average selling price of cement also increased by 2% year-over-year, contributing to the revenue growth.

Shree Cement’s EBITDA margin expanded by 460 basis points to 25.4% in Q2, driven by a 32% reduction in power and fuel costs, as well as a 14% decrease in transportation costs. The company’s focus on cost optimization and efficient operations enabled it to maintain its profitability despite the challenging market conditions.

The company’s UAE operations also performed well, with a 25% increase in sales volume and a 30% increase in revenue. The UAE market has been a key growth driver for Shree Cement, and the company is well-positioned to capitalize on the region’s growing demand for cement.

Shree Cement’s strong Q2 performance was also driven by its strategic expansion plans, including the commissioning of new cement plants and the expansion of existing ones. The company has a strong pipeline of projects, including a 3 million ton per annum cement plant in Rajasthan, which is expected to be commissioned in the next fiscal year.

The company’s management expressed confidence in its ability to maintain its growth momentum, driven by its strong brand, efficient operations, and strategic expansion plans. Shree Cement’s focus on sustainability and environmental responsibility is also expected to drive long-term growth and profitability.

Overall, Shree Cement’s Q2 performance was strong, with a 46% growth in EBITDA and a 24% increase in revenue. The company’s robust operations, cost-saving measures, and strategic expansion plans position it well for long-term growth and profitability. With a strong brand and a growing presence in the UAE, Shree Cement is expected to continue to perform well in the future.

Shree Cement, a leading company in the cement industry, has recently seen an improvement in its quality grade due to its strong sales growth and favorable debt profile. Over the past five years, the company has achieved a sales growth rate of 10.32%, indicating a solid performance in the market. Additionally, Shree Cement’s debt-to-EBITDA ratio stands at 0.56, which suggests that the company has a manageable level of debt relative to its earnings.

The company’s operational efficiency is also noteworthy, with a return on capital employed (ROCE) of 13.63% and a return on equity (ROE) of 10.11%. These metrics indicate that Shree Cement is effectively utilizing its capital to generate profits. Furthermore, the company has a dividend payout ratio of 15.81%, demonstrating its commitment to returning value to shareholders.

Shree Cement’s market position remains robust, with a significant institutional holding of 24.98%. This suggests that larger investors have confidence in the company’s fundamentals. Despite some fluctuations in technical trends, the company’s overall performance is strong. The improvement in its quality grade reflects Shree Cement’s ability to maintain a favorable debt profile, achieve strong sales growth, and demonstrate operational efficiency.

The company’s strong performance is a testament to its ability to navigate the cement industry effectively. With its solid sales growth, favorable debt profile, and operational efficiency, Shree Cement is well-positioned for continued success. The company’s commitment to returning value to shareholders is also a positive factor, making it an attractive option for investors. Overall, Shree Cement’s improved quality grade is a reflection of its strong performance and its position as a leading player in the cement industry.

The company’s financial metrics and market position are closely watched by investors and analysts. With its strong performance and commitment to returning value to shareholders, Shree Cement is an attractive option for those looking to invest in the cement industry. The company’s ability to maintain a favorable debt profile and achieve strong sales growth is a testament to its operational efficiency and effective management. As the company continues to navigate the market, its improved quality grade is likely to have a positive impact on its overall performance and market position.

Shree Cement Ltd., a leading Indian cement manufacturer, has successfully commissioned a 20 MWp solar power plant in Chitrakoot district, Uttar Pradesh. This project demonstrates the company’s dedication to renewable energy and its efforts to enhance operational resilience while supporting India’s transition to clean energy. The solar power plant will supply renewable energy to the Etah grinding unit through the Wheeling and Banking route, with Phase 1 already achieving commercial operation and Phase 2 expected to be commissioned by the end of Q4 FY25-26.

The project is not only a step towards sustainable operations but also expected to create 30-40 daily employment opportunities for the local community. Once fully operational, it is anticipated to offset approximately 22,000 metric tonnes of CO₂ annually, contributing to a low-carbon future. This initiative showcases Shree Cement’s commitment to transforming energy use across its operations and leading the cement sector towards a sustainable, low-carbon future.

According to Neeraj Akhoury, Managing Director of Shree Cement, the Chitrakoot plant is an opportunity to innovate and integrate renewable energy, creating lasting value for both the business and the environment. With this commissioning, Shree Cement’s total installed solar capacity reaches 313.5 MWp across India, highlighting the company’s leadership in renewable energy within the cement sector.

This milestone underscores Shree Cement’s commitment to a low-carbon, energy-efficient future and its efforts to reduce its carbon footprint. The company’s focus on renewable energy is expected to have a positive impact on the environment, and its initiatives are likely to inspire other companies in the cement sector to follow suit. Overall, the commissioning of the Chitrakoot solar power plant is a significant step towards a sustainable future, and Shree Cement’s leadership in renewable energy is expected to have a lasting impact on the industry.

Shree Cement, a leading cement manufacturer, has commissioned a 20 MWp solar power plant in Chitrakoot district, Uttar Pradesh. The plant will supply renewable power to the company’s Etah grinding unit through the Wheeling and Banking route. This project is part of the company’s commitment to renewable energy and reducing its carbon footprint. With this commissioning, Shree Cement’s total installed solar capacity has reached 313.5 MWp across India.

The project is expected to create 30-40 daily employment opportunities for the local community and will offset approximately 22,000 metric tonnes of CO₂ annually. The company has a total power capacity of 1085 MW, out of which 582 MW is green power capacity, including waste heat recovery, wind, and solar. Shree Cement aims to increase its use of renewable energy and has set a target to source a significant portion of its electricity from green sources.

The company’s Managing Director, Neeraj Akhoury, stated that the Chitrakoot plant showcases Shree Cement’s leadership in transforming energy use across its operations. He emphasized that each new plant is an opportunity to innovate, integrate renewable energy, and lead the cement sector towards a sustainable, low-carbon future.

Shree Cement has been steadily growing its renewable energy project portfolio, which includes solar, wind, and waste heat recovery systems deployed across various manufacturing locations. Earlier this year, the company commissioned a 60.3 MW solar power plant in Jodhpur, Rajasthan, which added to its total green energy capacity. With this, the company sourced over 60% of its total electricity consumption from renewable sources.

The commissioning of the Chitrakoot solar power plant is a significant step towards Shree Cement’s goal of reducing its carbon footprint and promoting sustainable development. The company’s commitment to renewable energy is expected to create a positive impact on the environment and contribute to India’s transition to clean energy. With its growing renewable energy portfolio, Shree Cement is poised to become a leader in the cement industry’s transition to a low-carbon future.

Shree Cement Ltd.’s subsidiary, Bangur Concrete, has made a significant step towards sustainable construction by commissioning India’s first solar-powered Ready-Mix Concrete (RMC) plant in Jaipur, Rajasthan. The plant, which was installed with solar net metering on October 17, 2025, now runs primarily on clean, renewable solar energy, reducing its carbon footprint. This achievement reflects Shree Cement’s commitment to sustainability and its goal of integrating renewable energy solutions and low-carbon innovations across its operations.

The solar-powered RMC plant is a showcase of Bangur Concrete’s commitment to environmental responsibility and high-quality construction. It supports Shree Cement’s broader sustainability goals, including the adoption of renewable energy, energy efficiency, and circular economy practices. According to Mr. Neeraj Akhoury, Managing Director of Shree Cement Ltd., the commissioning of the solar-powered RMC plant reaffirms the company’s vision to lead the industry towards carbon-neutral construction.

Bangur Concrete operates 24 RMC plants across India, each equipped with advanced batching systems, precision quality control, and eco-compliant processes. The company’s commitment to sustainability is evident in its efforts to reduce its carbon footprint and promote eco-friendly construction practices. Shree Cement Ltd. is one of the leading cement groups in India, known for its industry-leading green credentials, cutting-edge innovative practices, and cost leadership.

The commissioning of the solar-powered RMC plant is a milestone in Shree Cement’s journey towards sustainable construction. It demonstrates how innovation can drive India’s transition towards a low-carbon future. Shree Cement is determined to deliver the most sustainable building material solutions to its consumers and is committed to setting new standards in sustainable construction.

The company’s commitment to sustainability is reflected in its efforts to reduce its carbon footprint and promote eco-friendly construction practices. The solar-powered RMC plant is a significant step towards achieving this goal and is expected to set a new standard for eco-friendly construction in India. With its focus on sustainability and innovation, Shree Cement Ltd. is poised to lead the industry towards a more sustainable future.

Shri H.M. Bangur, Chairman of Shree Cement, has been conferred an Honorary Doctorate by KIIT University in Bhubaneswar, Odisha, in recognition of his exceptional leadership in the Indian industry and his commitment to building a sustainable and resilient business ecosystem. Bangur expressed his gratitude, stating that this honor is a tribute to the people who have contributed to Shree Cement’s journey, including colleagues, mentors, partners, and the community.

Bangur emphasized the importance of Odisha in India’s growth story, citing its abundant mineral resources and future-ready workforce. He highlighted Shree Cement’s plans to expand its presence in the state, with a focus on building a modern, green cement business that creates value for stakeholders while contributing to India’s sustainable future. Shree Cement is one of India’s top cement manufacturers, with a capacity of 66.8 MTPA, and aims to reach 80 MTPA by 2028.

The company is committed to sustainability, with a strong focus on waste heat recovery, alternative fuels, and renewable power generation. It has over 590 MW of green energy capacity and uses low-carbon blended cements, which has significantly reduced its carbon footprint. Shree Cement’s operations also maintain a high level of water positivity, with a rate of 8X, well above industry benchmarks.

In addition to its environmental efforts, Shree Cement has embedded social responsibility into its growth model. The company’s CSR programs focus on education, healthcare, women’s empowerment, skill development, and rural infrastructure, and have transformed communities across its operating regions. These efforts have earned Shree Cement top ESG ratings and positioned it as an industry benchmark for balancing business growth with environmental stewardship and inclusive development.

Shree Cement Limited is a leading cement group in India, known for its industry-leading green credentials, innovative practices, and cost leadership. The company is committed to delivering sustainable building material solutions to its consumers and follows the highest standards of corporate governance. With a long history of enjoying stakeholders’ trust, Shree Cement is determined to continue its growth trajectory while maintaining its commitment to sustainability and social responsibility.

Bangur Concrete, a subsidiary of Shree Cement Ltd., has launched its first Ready Mix Concrete (RMC) plant in Chhattisgarh, located in Raipur. The modern facility has a production capacity of 60 cubic meters per hour, marking a significant milestone in the company’s expansion plans. This move strengthens Bangur Concrete’s presence in eastern India and enables the company to cater to the growing infrastructure and real estate needs of the region.

The Raipur plant is designed to deliver high-performance, eco-friendly concrete, aligning with the company’s commitment to sustainability. As Chhattisgarh emerges as a hub for urban and industrial development, the facility will provide faster service to projects across the region while maintaining the highest standards of quality. According to Neeraj Akhoury, Managing Director of Shree Cement, the commissioning of the Raipur plant reflects the company’s vision of contributing to India’s infrastructure growth while ensuring environmentally responsible practices.

With the addition of the Raipur plant, Bangur Concrete now operates 22 RMC plants across India, each equipped with advanced batching systems, precision quality control, and environmentally compliant processes. The Raipur unit features modern batching technology, optimized material handling, and streamlined logistics, enabling faster project execution with lower environmental impact.

The launch of the Raipur plant aligns with Bangur Concrete’s goal of supporting India’s infrastructure growth through green construction practices and contributing to a low-carbon future. The company’s expansion plans are driven by its commitment to delivering sustainable, high-quality concrete solutions to support the region’s evolving needs. By establishing a strong presence in Chhattisgarh, Bangur Concrete is well-positioned to capitalize on the state’s growing infrastructure potential and contribute to its urban and industrial development.

Shree Cement, a leading Indian cement producer, has announced the appointment of Mahendra Pratap Joshi as its new Head of Quality. Mr. Joshi brings over four decades of experience in the cement industry, having held senior leadership positions at reputable organizations such as Aditya Cement, Heidelberg Cement, and Orient Cement. He rejoined Shree Cement in September 2024 from Orient Cement, where he served as Unit Head.

In his new role, Mr. Joshi will be responsible for leading Shree Cement’s quality function, focusing on product excellence, raw material optimization, and new product development. His primary objective is to strengthen the company’s quality systems and implement global best practices across operations. As Head of Quality, Mr. Joshi will play a crucial role in driving product innovation, sustainability, and value creation for stakeholders.

Satish Chander, Chief Manufacturing Officer at Shree Cement, expressed his delight at Mr. Joshi’s appointment, highlighting his unique blend of technical expertise, operational depth, and leadership skills. Mr. Chander is confident that Mr. Joshi’s guidance will take Shree Cement’s quality systems to the next level, driving product excellence and sustainable value creation.

Mr. Joshi commented on his role, stating that it is a privilege to rejoin Shree Cement during an exciting phase of growth. He looks forward to collaborating with teams to enhance product performance, strengthen quality systems, and contribute to the company’s commitment to global excellence and innovation.

This appointment reinforces Shree Cement’s dedication to strengthening quality leadership and delivering sustainable value to stakeholders. With Mr. Joshi at the helm, the company is poised to further enhance its reputation for innovation, sustainability, and operational excellence in the cement industry. By leveraging Mr. Joshi’s extensive experience and expertise, Shree Cement aims to drive growth, improve product quality, and maintain its position as a leading cement producer in India.

David Iben once stated that volatility is not a risk to be concerned about, but rather the permanent loss of capital. This statement is particularly relevant when considering a company’s balance sheet and debt levels. Shree Cement Limited, listed on the NSE under the ticker SHREECEM, is no exception to this rule. The company, like many others, utilizes debt in its operations. However, the question remains whether this debt poses a concern for shareholders.

Generally, debt becomes a problem when a company is unable to pay it off, either by raising capital or using its own cash flow. This can lead to lenders forcing the company to raise capital at a distressed price, resulting in the permanent dilution of shareholders. Nevertheless, most companies manage their debt reasonably well, and it is not uncommon for businesses to use debt to their advantage.

In the case of Shree Cement, the company’s net debt is ₹55.5b, with ₹10.5b of debt and ₹65.9b in cash as of March 2025. The balance sheet also shows liabilities of ₹57.6b due within 12 months and ₹11.6b due beyond 12 months, with ₹23.8b more liquid assets than total liabilities. This surplus indicates that Shree Cement has a conservative balance sheet and could likely eliminate its debt without much difficulty.

The company’s modest debt load may become crucial if management is unable to prevent a repeat of the 38% cut to EBIT over the last year. When a company’s earnings decline, its relationships with lenders can become strained. Therefore, it is essential to consider future earnings when analyzing debt levels, as they will determine the company’s ability to maintain a healthy balance sheet.

Shree Cement’s ability to convert its earnings before interest and tax (EBIT) to free cash flow is also a concern, with the company generating free cash flow amounting to only 5.3% of its EBIT in the last three years. This low cash conversion rate sparks some paranoia about the company’s ability to manage debt. However, the company’s net cash position and conservative balance sheet suggest that its debt use is not a significant concern.

In conclusion, while debt can be a problem for companies, Shree Cement’s net cash position and conservative balance sheet indicate that its debt use is not a significant concern. The company’s ability to convert EBIT to free cash flow is a concern, but its net cash position and modest debt load suggest that it is well-equipped to manage its debt. As with any investment, it is essential to consider multiple factors, including the balance sheet, future earnings, and cash flow, when evaluating the risk profile of a company like Shree Cement.

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.