Shree Cement Acquisitions: every company it has bought
Shree Cement's main acquisition is Union Cement in the UAE, bought in 2018 at an enterprise value of $305.24 million 2425.
Founded1979, Rajasthan, India
StatusListed
Listed onNSE, BSE: SHREECEM (NSE), 500387 (BSE)
Union Cement
In January 2018 Shree Cement agreed to buy at least 92.83% of Union Cement Company of Ras Al Khaimah, at an enterprise value of $305.24 million 2425. Union Cement then had 4 MTPA of cement and 3.3 MTPA of clinker capacity 24. Business India says the deal was completed in July 2018 9. UAE capacity reached 7 MTPA in September 2026 15.
Other deals
| Year | Deal |
|---|---|
| 2014 | Bought a grinding unit at Panipat 8 |
| 2018 | Union Cement, UAE 24 |
| 2023 | Withdrew from the race to buy Sanghi Cement 26 |
| 2026 | Incorporated a subsidiary in Mauritius 6 |
Organic growth
In June 2026 management said the company would grow by building its own plants and did not need acquisitions 275. A planned investment in West Bengal was waiting for clarity on state policy 27.
Capital spending
The company has not published a capex figure. PL Capital estimates ₹2,000 crore for FY27 and ₹3,000 crore for FY28 15.
Frequently asked questions
Union Cement Company of Ras Al Khaimah, agreed in January 2018 at an enterprise value of $305.24 million.
No. It withdrew from the race in July 2023.
Sources✓ Verified 5 Nov 2026
1 Forbes, Benu Gopal Bangur (Real-Time Billionaires), 5 Nov 2026, Bangur family
2 Shree Cement / NSE, Shree Cement announces Q4 FY26 results, 6 May 2026, company profile
3 Moneycontrol / PTI, Shree Cement's Q4 profit down 4.3% to Rs 532 crore; FY26 revenue up 7%, 6 May 2026, FY26 revenue
4 Wikipedia, Benu Gopal Bangur, 5 Nov 2026, family split
5 CNBC-TV18, Shree Cement aims to outpace industry in FY27, sticks to organic growth, 8 Jun 2026, organic growth
6 Shree Cement, Q4 FY26 press release, 6 May 2026, capacity, dividend, RMC
7 Emkay Global, Shree Cement shareholding, 30 Sep 2026, shareholding
8 Wikipedia, Shree Cement, 5 Nov 2026, history
9 Business India, The Bangurs spur Shree Cement's sterling performance, 22 Mar 2021, history, expansion
10 Construction World, Shree Cement appoints new MD for a five-year term, 17 Oct 2022, 2022 leadership change
11 Shree Cement, Corporate Governance Report, June 2026, 30 Jun 2026, board
12 MarketScreener, Subhash Jajoo, 5 Nov 2026, CFO
13 Shree Cement / NSE, Press release, 31 July 2026, 31 Jul 2026, Q1 FY27, Meghalaya, power
14 Business Standard, Value strategy paying off for Shree Cement with brand-building gains, 15 May 2025, capacity target
15 PL Capital, Shree Cement research report, 23 Oct 2026, UAE capacity, capex estimate
16 Arthneeti, Shree Cement press release, 23 October 2026, 24 Oct 2026, green power share
17 Screener, Shree Cement Ltd, 5 Nov 2026, brands, market value, standalone profit
18 Multibagg, Shree Cement Q2 FY27 results, 29 Oct 2026, Q2 FY27 volumes
19 Business Today, UltraTech hits 200 MTPA capacity, 17 Apr 2026, UltraTech
20 Tribune, Ambuja Cements reports 364% profit jump, 3 Nov 2025, Ambuja
21 IANS, Ambuja Cements eyes 119 MTPA capacity, 28 Jul 2026, Ambuja target
22 Investywise, Dalmia Bharat capacity, 28 Apr 2026, Dalmia
23 NBM&CW, Nuvoco Vistas reports Rs 11,362 cr revenue in FY26, 15 Apr 2026, Nuvoco
24 Zee Business, Shree Cement acquires UAE's Union Cement for $305 mn, 1 Jan 2018, Union Cement
25 World Cement, Shree Cement to purchase Union Cement Co, 15 Jan 2018, Union Cement date
26 Business Standard, Shree Cement exits the race to acquire Sanghi Cement, 19 Jul 2023, Sanghi
27 Construction World, Shree Cement targets above-industry volume growth in FY27, 16 Jun 2026, FY27 outlook
28 StockAnalysis, Shree Cement financials, 5 Nov 2026, consolidated financials
29 Investywise, Shree Cement FY26 results, 6 May 2026, FY26 EBITDA
30 Univest, Shree Cement Q2 results FY27: PAT ₹263 crore, 1 Oct 2026, Q2 FY27
31 Rupeezy, Most expensive shares in India, 1 Apr 2026, share price
32 Free Press Journal, Shree Cements accused of tax evasion, 25 Jun 2023, tax search
33 Business Today, Shree Cement: govt issues inspection order, 11 Jul 2023, MCA inspection
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