Shree Cement Limited, a leading player in the cement industry, has expanded its portfolio with the launch of Bangur Concrete. This announcement came with the inauguration of its first Greenfield Ready Mix Concrete (RMC) plant in Hyderabad, signalling a significant move into a promising new line of business.
The inauguration ceremony, graced by Shree Cement’s Chairman, HM Bangur, marked a milestone for the company’s strategic vision to diversify and emerge as a multi-product player in the core cement sector. The newly commissioned plant boasts a capacity of 90 cubic meters per hour, adding to the company’s growing infrastructure.
Neeraj Akhoury, Managing Director of Shree Cement Ltd, highlighted the rationale behind this strategic venture, stating, “This venture into Ready Mix Concrete marks our entry into a promising new line of business. We recognise the vast potential of RMC business, which is being driven by India’s growth momentum, the concerted efforts of both Central and State Governments to advance infrastructure projects, and an uptick in the housing sector.”
Shree Cement’s recent acquisition of five operational plants of StarCrete LLP in Mumbai further strengthens its position in the RMC market, with a combined capacity now standing at an impressive 512 cubic meters per hour. This expansion underscores the company’s commitment to aggressively expanding its presence in the RMC market, both through organic growth and strategic acquisitions.
Akhoury emphasised, “Driven by our core philosophy of ‘Build Smart’, Shree Cement is firmly on track to become a modern and green building material company. In order to maintain our industry-leading performance benchmarks, we are ramping up our capacity utilisation, enhancing our brand equity, raising cost efficiency, and further stepping up our R&D efforts.”
Bangur Concrete, a testament to Shree Cement’s commitment to innovation, quality, and engineering capabilities, offers a range of special concrete products catering to diverse applications and structures. Utilising enhanced technology and automated operations, the product range includes high-performance concrete for superior durability, self-compacting concrete for heavily reinforced structures, temperature-controlled concrete for large-scale concreting needs, and stamped concrete for ornamental pathways and walkways.
