Shares of Shree Cement rise on commissioning the largest Kiln

About the new production facility 

Shree Cement has commissioned one of the largest Kiln at its new integrated production facility in Nawalgarh, Rajasthan. Boasting a remarkable rated capacity of 11,500 tons per day, this kiln stands among one of the highest capacity units in the world. Equipped with cutting-edge technology, the kiln facilitates multi-fuel operations, including the usage of alternative fuels and ensures energy efficiency.

Established with an investment of around Rs 3,500 crore, the plant can produce 3.5 million tons of Cement per annum. The company has invested in a 33 MW waste heat recovery-based power plant which contributes to electricity generation without consuming fossil fuels, utilizing waste gases from the clinkerisation process. Strategically situated in the North-Eastern part of Rajasthan, bordering the State of Haryana, the plant provides a strong logistical advantage and will help in reducing the delivery cost. This marks the start of the company’s fifth integrated production facility, reinforcing its commitment to technological excellence and sustainable practices while developing above 80 million tons of cement capacity.

Following this expansion, Shree Cement boasts a network of five integrated facilities spanning Rajasthan, Chhattisgarh, and Karnataka. With the commencement of cement production at the Nawalgarh facility, the company’s total cement production capacity in India has risen from 49.9 MTPA to 53.4 MTPA, solidifying its position as a key player in the cement industry.

Share Price Movement 

Shree Cement is currently trading at Rs 28,730, up by 180.15 points or 0.63% from its previous closing of Rs 28,549.85 on the BSE. The scrip opened at Rs 28,661.30 and has touched a high and low of Rs 28,780.90 and Rs 28,470, respectively.

The BSE group ‘A’ stock of face value of Rs 10 has touched a 52-week high of Rs 28,943.95 and a 52-week low of Rs 21433.25. Last one week high and low of the scrip stood at Rs 28,943.95 and Rs 27,558.35 respectively. The current market cap of the company is Rs 1,03,501.23 crore. The promoters holding in the company stood at 62.55%, while Institutions and Non-Institutions held 24.76% and 12.68%, respectively.

About Company 

Shree Cement, a leading cement manufacturing company in North India, was established in 1978. With a large capacity, it operates cement plants in Rajasthan, Uttarakhand, and Uttarakhand. The company operates under the brands Shree Ultra, Bangur, and Rockstrong, which hold the largest market share in high-value markets. Shree Cement is known for its efficiency and environmental friendliness in the global cement industry.

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