Shree Cement Limited, a prominent cement producer in India, has been awarded the First Prize for Lowest Specific Energy Consumption in the Cement Sector at the Rajasthan Energy Conservation Awards 2026. The award was given to the company’s Khushkhera (KKGU) Grinding Unit, which was recognized for its exceptional energy efficiency. The award ceremony was held at the Vidhan Sabha Auditorium in Jaipur, and the prize was received by representatives of the KKGU Grinding Unit.

The Rajasthan Energy Conservation Awards are organized by the Rajasthan Renewable Energy Corporation Limited to recognize organizations that demonstrate excellence in energy management, efficiency, and sustainability. The awards aim to encourage responsible industrial practices across various sectors. The ceremony was attended by dignitaries, including Shri Hira Lal Nagar, Hon’ble Minister of State for Energy, and Shri Ajitabh Sharma, IAS, Additional Chief Secretary, Energy Department, Government of Rajasthan.

Shree Cement’s Chief Manufacturing Officer, Mr. Satish Maheshwari, expressed his pride and gratitude upon receiving the award. He stated that sustainability and operational excellence are integral to the company’s philosophy and that the recognition reflects their focus on advanced energy management, continuous optimization, and responsible manufacturing practices. The award reinforces the company’s commitment to efficient and sustainable cement production, setting benchmarks for the industry.

The KKGU Grinding Unit’s achievement is a testament to Shree Cement’s dedication to reducing its environmental footprint and promoting sustainable practices. The company’s efforts to minimize energy consumption and optimize its operations have resulted in significant improvements in energy efficiency, making it a leader in the cement sector. The award serves as a motivation for the company to continue its pursuit of excellence in energy management and sustainability, contributing to a more environmentally friendly and responsible industry. Overall, the recognition highlights Shree Cement’s commitment to operational excellence and sustainability, and its efforts to make a positive impact on the environment.

Shree Cement Limited has announced the commissioning of its new unit, RAS Unit-11, at its integrated manufacturing facility in Jaitaran, Rajasthan. This new unit adds 3.65 million tons per annum (MTPA) of clinker capacity and 3.0 MTPA of cement capacity, significantly enhancing the company’s production capabilities. The RAS Unit-11 is a fully integrated unit, designed to support efficient and reliable supply to key North Indian markets. With this addition, Shree Cement’s total cement production capacity in India increases to 65.8 MTPA, solidifying its position as a leading cement manufacturer in the country.

The new unit is equipped with advanced automation and modern plant infrastructure, including state-of-the-art raw and coal mills, a kiln with a 6-stage preheater and DeNOx system, and a Cross-Bar cooler. The unit also features a 22 MW waste heat recovery system, which strengthens energy efficiency and reduces the company’s environmental footprint. Additionally, the use of alternative fuels aligns with Shree Cement’s commitment to sustainability.

According to Neeraj Akhoury, Managing Director of Shree Cement Limited, the RAS Unit-11 reflects the company’s focus on disciplined capacity expansion and responsible resource use. The adoption of advanced technologies across operations and logistics has also enhanced efficiency and cost optimization. With long-term mining security, NABL-accredited quality systems, and a highly skilled workforce, Shree Cement is well-positioned to support infrastructure growth and deliver value to customers across North India.

The commissioning of RAS Unit-11 is a significant milestone for Shree Cement Limited, marking a major expansion of its production capacity. The company’s commitment to sustainability, efficiency, and quality is evident in the design and operation of the new unit. As one of Asia’s largest single-location cement facilities, Shree Cement’s integrated manufacturing complex in Jaitaran, Rajasthan, is a benchmark for large-scale cement manufacturing. With its enhanced production capacity, Shree Cement is poised to play a key role in supporting India’s infrastructure growth and meeting the increasing demand for cement in the region.

Shree Cement Limited has officially launched its RAS Unit-11 at its manufacturing facility in Jaitaran, Rajasthan, marking a significant milestone in the company’s growth strategy. The new unit increases the company’s clinker production capacity by 3.65 million tonnes per annum (MTPA) and cement output by 3.0 MTPA, solidifying its position as one of Asia’s largest single-location cement manufacturing complexes.

The RAS Unit-11 is a fully integrated facility that enhances the cement plant’s capabilities in clinkerisation and grinding, allowing the company to meet the rising demand for cement in North Indian markets with greater efficiency and reliability. With the commissioning of this unit, Shree Cement’s total cement production capacity in India now stands at 65.8 MTPA, cementing its reputation as a leader in large-scale cement manufacturing.

The unit is equipped with cutting-edge technology, including sophisticated automation systems and infrastructure that enhance operational efficiency. The use of advanced equipment, such as Pfeiffer raw and coal mills and an FLSmidth kiln, demonstrates the company’s commitment to modern manufacturing standards. Additionally, the unit integrates a 22 MW waste heat recovery system and alternative fuel sources, underscoring Shree Cement’s focus on sustainable practices and energy efficiency.

The Managing Director of Shree Cement expressed pride in this achievement, stating that RAS Unit-11 represents the company’s ongoing dedication to responsible capacity expansion and resource management. The adoption of advanced technologies is expected to result in significant improvements in operational efficiencies and cost optimization. With solid long-term mining security, NABL-accredited quality systems, a skilled workforce, and increased manufacturing capacity, Shree Cement is well-equipped to support the expanding infrastructure needs of North India, delivering exceptional value to its customers.

The launch of RAS Unit-11 is a significant milestone for Shree Cement, and the company is poised for continued growth and success. With its commitment to sustainability, modern technology, and customer satisfaction, Shree Cement is set to remain a leader in the cement industry. The company’s focus on responsible capacity expansion and resource management will enable it to meet the growing demands of the industry while minimizing its environmental impact. Overall, the launch of RAS Unit-11 is a significant achievement for Shree Cement and a testament to the company’s dedication to excellence and sustainability.

Shree Cement Limited has announced the commissioning of its new RAS Unit-11 at its integrated manufacturing facility in Jaitaran, Rajasthan. The new unit has added 3.65 million tons per annum (MTPA) of clinker capacity and 3.0 MTPA of cement capacity, further strengthening the company’s position as a leading cement manufacturer in India. With this addition, Shree Cement’s total cement production capacity in India has increased to 65.8 MTPA, solidifying its position as a benchmark for large-scale cement manufacturing.

The RAS Unit-11 is a fully integrated unit that reinforces the plant’s clinkerisation and grinding capabilities, enabling efficient and reliable supply to key North Indian markets. The unit is equipped with advanced automation and modern plant infrastructure, including state-of-the-art mills, kilns, and coolers. The unit also features a 22 MW waste heat recovery system and the use of alternative fuels, aligning with the company’s commitment to sustainability.

The commissioning of RAS Unit-11 is a significant milestone for Shree Cement, reflecting the company’s focus on disciplined capacity expansion and responsible resource use. According to Neeraj Akhoury, Managing Director of Shree Cement Limited, the adoption of advanced technologies across the company’s operations and logistics has enhanced efficiency and cost optimization.

With long-term mining security, NABL-accredited quality systems, and a highly skilled workforce, Shree Cement is well-placed to support infrastructure growth and deliver value to customers across North India. The company’s commitment to sustainability and responsible resource use is also evident in its use of alternative fuels and waste heat recovery systems, which reduce the company’s environmental footprint.

The commissioning of RAS Unit-11 is a significant development for Shree Cement, and the company is poised to continue its growth trajectory as a leading cement manufacturer in India. With its enhanced capacity and commitment to sustainability, Shree Cement is well-positioned to support the country’s infrastructure growth and deliver value to its customers. The company’s focus on disciplined capacity expansion and responsible resource use is expected to drive its future growth and success.

The Indian cement industry is expected to report weaker-than-usual earnings for the quarter ending December 2025 due to various challenges. The recent Goods and Services Tax (GST) revision has led to a decline in cement prices, with a nationwide drop of approximately 3% compared to the previous quarter. The average price per 50 kg bag of cement in India stood at around ₹333, a decrease from ₹372 in the preceding quarter and ₹359 a year earlier. This price weakness is expected to impact revenue streams for major producers.

In addition to the price pressure, the industry is also facing weak demand from the non-trade segment, which is further exacerbating the situation. The demand from this segment has been sluggish, and it is expected to continue in the near future. Moreover, the cost of essential raw materials like pet coke has increased, which will further dent the earnings of cement producers.

As a result, the industry-wide average EBITDA (earnings before interest, tax, depreciation, and amortization) per tonne is projected to fall within the ₹750-1,050 range for the December quarter, which is significantly lower than the more than ₹1,000 per tonne achieved in the first half of 2025. This decline in profitability is expected to impact the earnings of cement companies, with some companies likely to be more affected than others.

Despite these challenges, some companies like Shree Cement Ltd. are expected to perform relatively better than others. The company’s strong brand presence and efficient operations are expected to help it navigate the current challenges and demonstrate a stronger performance within the sector. Overall, the Indian cement industry is facing a tough quarter, and companies will need to adapt to the changing market conditions to remain competitive. The decline in profitability is expected to be a significant challenge for the industry, and companies will need to focus on cost reduction and operational efficiency to mitigate the impact of the current headwinds.

Shree Cement has come under scrutiny as the Indian government has ordered an investigation into the company’s practices. The investigation is expected to examine various aspects of the company’s operations, including its business practices, financial dealings, and potential violations of regulatory norms.

The move is seen as a significant development, as Shree Cement is one of the leading cement manufacturers in India. The company has a strong presence in the domestic market and has been expanding its operations in recent years. However, the investigation has raised concerns among investors and analysts, who are closely watching the developments.

The investigation is likely to focus on several key areas, including the company’s pricing strategies, its relationships with suppliers and distributors, and its compliance with environmental and labor regulations. The government may also examine the company’s financial records to check for any irregularities or discrepancies.

The investigation into Shree Cement is part of a broader effort by the Indian government to promote fair competition and prevent anti-competitive practices in the cement industry. The government has been taking steps to increase transparency and accountability in the sector, and the investigation into Shree Cement is seen as a key part of this effort.

The outcome of the investigation is uncertain, and it is unclear what specific actions the government may take against Shree Cement if any wrongdoing is found. However, the investigation is likely to have significant implications for the company and the broader cement industry in India.

In recent years, the Indian cement industry has experienced significant growth, driven by increasing demand for housing and infrastructure development. However, the industry has also faced challenges, including overcapacity, intense competition, and regulatory pressures. The investigation into Shree Cement is likely to add to these challenges, and may lead to increased scrutiny of other companies in the sector.

Overall, the investigation into Shree Cement is a significant development that is being closely watched by investors, analysts, and industry observers. The outcome of the investigation is uncertain, but it is likely to have significant implications for the company and the broader cement industry in India. As the investigation proceeds, it will be important to monitor developments closely and assess the potential impact on Shree Cement and the Indian cement industry as a whole.

The Rajasthan Electricity Regulatory Commission (RERC) has dismissed a petition filed by Shree Cement Ltd. against the Jaipur Vidhyut Vitran Nigam Ltd. (JVVNL) regarding the denial of a load factor rebate for its captive solar power plant. The petition, considered throughout late 2025, focused on whether solar energy generated “behind the meter” should be counted when calculating a consumer’s total load factor for discounted electricity rates. Shree Cement operates a grinding unit in Jobner with a contract demand of 7.40 MVA and an internal captive solar plant of 7.08 MW, commissioned in March 2023.

The company argued that its internal solar consumption should be added to its Discom supply load factor, which would make it eligible for a lower energy charge. However, JVVNL maintained that the rebate only applied to solar plants connected to the grid via net metering or open access, and not to “behind the meter” installations like Shree Cement’s plant. The Commission sided with JVVNL, clarifying that “parallel operation” is a technical consent for system protection and does not meet regulatory requirements for energy accounting or eligibility for tariff benefits.

The ruling emphasized that behind-the-meter plants already enjoy a “privileged position” because they allow self-consumption without paying open access charges or other financial obligations. Therefore, such installations cannot be treated the same as grid-connected captive plants for rebate purposes unless the regulations explicitly allow it. The Commission found no violation of the Tariff Order and disposed of Shree Cement’s petition on December 31, 2025.

The decision clarifies that rebates under the RERC Tariff Order are meant only for plants with clear grid connectivity and do not extend to internal behind-the-meter solar generation. This ruling reinforces the distinction between self-consumption from captive solar plants and incentives meant for grid-connected installations, providing clarity to industrial consumers and Discoms regarding eligibility for load factor rebates. The case highlights the importance of understanding regulatory provisions when claiming benefits, especially in situations where technical approvals do not automatically confer tariff advantages.

The Commission’s decision ensures that behind-the-meter consumers continue to enjoy self-consumption benefits, while rebates are preserved for grid-linked solar projects, maintaining a fair and consistent framework for electricity tariff incentives in Rajasthan. The petition’s dismissal marks a key precedent in how captive solar plants are treated under RERC regulations, particularly in the context of load factor-based energy charges. It underscores the need for clear definitions of connectivity and eligibility for financial incentives under the Tariff Order.

Shree Cement, a leading cement manufacturer, has unveiled plans to invest $223 million in a new cement plant located in the Vidarbha region of Maharashtra, India. This significant investment is part of the company’s broader three-year strategy aimed at expanding its total cement production capacity from 68 million tons per annum (Mta) to 80 Mta. The announcement was made by Hari Bangur, the Chairman of Shree Cement, who revealed that the proposed facility will be situated in Kondala, within the Chandrapur district.

The investment in the new cement plant underscores Shree Cement’s commitment to bolstering its presence in the Indian cement market. By increasing its production capacity, the company aims to capitalize on the growing demand for cement in the country, driven by infrastructure development, construction activities, and urbanization. The choice of location in the Vidarbha region of Maharashtra is strategic, given the area’s rich limestone deposits, which are a crucial raw material for cement production.

The project has received formal recognition with the signing of a letter of intent in the presence of Maharashtra Chief Minister Devendra Fadnavis. This move signifies the state government’s support for the project, which is expected to contribute to the regional economy through job creation and infrastructure development. The investment is also anticipated to have a positive impact on the local community, with potential benefits including enhanced economic activity, improved infrastructure, and increased employment opportunities.

Shree Cement’s expansion plans are aligned with the Indian government’s initiatives to promote infrastructure development and housing for all, which are expected to drive the demand for cement in the coming years. The company’s strategy to increase its production capacity is designed to ensure that it remains competitive in the market and is well-positioned to meet the anticipated growth in demand.

In conclusion, Shree Cement’s decision to invest in a new cement plant in Maharashtra is a significant step towards achieving its expansion goals. The project is expected to contribute to the company’s growth, enhance its market position, and support the economic development of the region. With the Indian cement industry poised for growth, driven by government initiatives and infrastructure development, Shree Cement’s strategic investment is timely and is expected to yield positive outcomes for the company and the local economy.

The Ministry of Corporate Affairs (MCA) has launched an investigation into Shree Cement, a leading cement manufacturer in India, and has sought information from the company. The company, which is promoted by the Bangur family, received a letter from the Office of the Regional Director, North-Western Region, MCA, Ahmedabad, on January 1, informing it of the investigation. The nature of the investigation has not been disclosed, but the company has stated that it will provide the required information in due course.

The investigation has been ordered under Section 210(1)(c) of the Companies Act, 2013, which allows the government to conduct an investigation into the affairs of a company in the public interest. This section empowers the central government to appoint inspectors to investigate into the affairs of the company and submit a report. The MCA has the authority to initiate such investigations to ensure that companies are complying with the provisions of the Companies Act and to protect the interests of stakeholders.

Shree Cement has assured that the investigation will not have any impact on its financial, business operations, or other activities. The company is the third-largest player in the cement sector, with an installed cement production capacity of 50.4 million tons per annum (MTPA) and a power generation capacity of 742 megawatts (MW), including from renewable energy sources. The company’s operations are spread across several states in India, and it has a significant presence in the market.

The investigation into Shree Cement is a significant development, and the company’s response will be closely watched by stakeholders, including investors and regulatory bodies. The MCA’s decision to initiate an investigation underlines the government’s commitment to ensuring that companies comply with the law and maintain transparency in their operations. The outcome of the investigation will be awaited with interest, and it remains to be seen what implications it may have for the company and the cement sector as a whole.

Shree Cement, a leading Indian cement manufacturer, has received a Goods and Services Tax (GST) demand order from the Karnataka tax authorities. The order, which is worth ₹69.14 lakh, was issued due to alleged non-payment of GST on certain transactions. The company has been given a specific timeframe to pay the demanded amount, along with applicable interest and penalties.

According to the GST laws, businesses are required to pay tax on the supply of goods and services. In this case, the Karnataka tax authorities have identified certain transactions made by Shree Cement that were not properly accounted for in terms of GST. The authorities have calculated the tax liability and have issued a demand notice to the company.

Shree Cement has stated that it is reviewing the demand order and will take necessary steps to address the issue. The company may choose to pay the demanded amount, or it may contest the order and appeal to a higher authority. The outcome of this case will depend on the specific facts and circumstances, as well as the interpretation of the GST laws.

This development is significant for Shree Cement, as it may impact the company’s financial performance. The payment of the demanded amount, along with interest and penalties, could result in a significant outflow of funds. Additionally, the company may need to revisit its accounting and compliance processes to ensure that it is meeting all GST requirements.

The GST demand order issued to Shree Cement is a reminder of the importance of compliance with tax laws. Businesses must ensure that they are properly accounting for all transactions and paying the required taxes. Failure to do so can result in significant penalties and fines, as well as reputational damage.

In recent years, the Indian government has been actively working to improve tax compliance and reduce evasion. The introduction of GST has been a key part of this effort, as it has simplified the tax system and reduced the scope for evasion. However, the implementation of GST has also presented challenges for businesses, which must navigate complex laws and regulations.

Overall, the GST demand order issued to Shree Cement highlights the need for businesses to prioritize tax compliance and ensure that they are meeting all requirements. The company’s response to the order will be closely watched, and the outcome will have implications for its financial performance and reputation. As the Indian government continues to focus on tax compliance, businesses must be proactive in ensuring that they are meeting all tax obligations.