Benu Gopal Bangur’s Shree Cement opens Patna plant, taking Bangur Concrete to 36 sites

Shree Cement, the company controlled by the family of 95-year-old Benu Gopal Bangur, has opened a ready-mix concrete plant in Patna, taking its Bangur Concrete network to 36 plants across India. The Bihar plant can produce 60 cubic metres an hour and was opened by managing director Neeraj Akhoury, Construction World reported on 9 November 2026. 1

What happened

The Patna plant will supply ready-mix concrete to builders in the city and nearby districts, where infrastructure work, urban growth and housing are lifting demand, Construction World said. It uses modern batching, material handling and quality control systems. The company did not give an investment figure. 1

The network has nearly doubled this year. In February, Shree had 19 ready-mix plants and told analysts it aimed to reach 45 within six to eight months, as part of a push to move higher up the construction value chain, the Free Press Journal reported. About 45% of the cement used in those plants came from Shree’s own supply at the time. 2

Key numbers

Item	Figure
New plant capacity	60 cubic metres an hour (Patna, Bihar)
Bangur Concrete plants now	36
Plants in February 2026	19
Target given in February	45 plants
Long-term cement capacity target	80 million tonnes a year
Benu Gopal Bangur net worth	$6.07 billion, about ₹57,840 crore (Forbes real-time, 5 Nov 2026)

Who is Benu Gopal Bangur?

Benu Gopal Bangur is chairman emeritus of Shree Cement, which his family controls. Born on 1 June 1931 according to Forbes, he stepped down as chairman in October 2022. His son Hari Mohan Bangur is now chairman and his grandson Prashant Bangur vice-chairman; the Bangur family page explains the three generations.

Forbes’ real-time list valued him at $6.07 billion, about ₹57,840 crore, on 5 November 2026, 28th in India. Almost all of that is the family’s Shree Cement stake, so the company’s expansion feeds directly into the Benu Gopal Bangur net worth figure.

Why ready-mix concrete matters to Shree

Ready-mix lets a cement maker sell a finished product straight to construction sites, which earns more per tonne than bagged cement and locks in demand for its own cement. Shree entered the business in 2024 under the Bangur Concrete name. Its cement brands include Bangur Cement, Shree Ultra Jung Rodhak and Rockstrong.

In February the company also said future cement capacity additions would be demand-led toward a long-term target of 80 million tonnes a year, and that it was debt-free with about ₹6,000 crore of cash, according to the Free Press Journal. 2

What happens next

Shree is nine plants short of the 45 it targeted in February, so more openings are likely in the coming months, particularly in eastern and southern India. For how the Bangurs compare with other industrial families, including Kumar Mangalam Birla, whose group owns UltraTech, see the richest people in manufacturing and industrials.

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