Shree Cement gains after commissioning project
Published by Joseph Green,
Editor
World Cement,
Shree Cement has gained 2.43% to Rs 12 361.25 on BSE after the company announced that it has commissioned an autoclaved aerated concrete blocks project.
The announcement was made on 30 March 2016.
Shree Cement said that the project has a capacity of 300 000 m3 per annum and is situated at Sikandrabad, Bulandshahr in Uttar Pradesh. Autoclaved aerated concrete (AAC) is a building material and is a new product launched by the company for the domestic market.
Shree Cement's net profit rose 9.8% to Rs 102.86 crore with an 18.5% increase in net sales to Rs 1826.83 crore in Q2 December 2015 over Q2 December 2014.
Shree Cement is focused on its core business of cement and power. Currently its manufacturing operations are spread over North and Eastern India across five states.
Edited from sources by Joseph Green. Sources: LiveMint, India Infoline, Business Standard
Read the article online at: https://www.worldcement.com/indian-subcontinent/31032016/shree-cement-gains-after-commissioning-project-797/
You might also like
The World Cement Podcast - What's next for US Cement?
In this episode of the World Cement Podcast, we are joined by Mike Ireland, President and CEO of the ACA or American Cement Association. Listen in as Mike and David dive into a range of topics, including the ACA’s recent rebranding efforts, decarbonisation, policy and legislation, and the impact of AI on cement demand.
Tune in to the World Cement Podcast on your favourite podcast app today.
