History of Shree Cement: from founding to today
Shree Cement was incorporated in 1979 and began production at Beawar in 1985 8. It bought Union Cement in the UAE in 2018 25.
Founded1979, Rajasthan, India
StatusListed
Listed onNSE, BSE: SHREECEM (NSE), 500387 (BSE)
Beawar
Shree Cement was incorporated in 1979. Its first plant, at Beawar in Rajasthan, was commissioned in 1983 and began production in 1985 8.
The family split
The Bangur family business was divided among family branches, and the cement company went to Benu Gopal Bangur's branch. Business India dates the split to 1992 and says the unit then had about 0.6 MTPA of capacity 9. Wikipedia's page on Benu Gopal Bangur gives 1991, and its page on Shree Cement says the family gained full control in 1995 48.
Timeline
| Year | Event |
|---|---|
| 2008 | Began its renewable power programme 9 |
| 2014 | Bought a grinding unit at Panipat 8 |
| 2018 | Kodla plant in Karnataka commissioned; Union Cement in the UAE bought 925 |
| 2019 | Raised ₹2,399 crore through a QIP; launched Roofon and Bangur Power 89 |
| October 2022 | Hari Mohan Bangur became chairman and Neeraj Akhoury MD 10 |
| 2023 | Purulia unit; Nawalgarh kiln in December 8 |
| 2024 | Entered ready-mix concrete 8 |
| April 2025 | Etah unit, 3 MTPA 8 |
| January-March 2026 | Kodla capacity of 3.65 MTPA clinker and 3.50 MTPA cement commissioned 6 |
Expansion
Business India describes how the company grew its clinker capacity at Ras in Rajasthan to 13.5 MTPA, then moved east with an integrated plant at Baloda Bazar in Chhattisgarh and grinding units at Buridih, Aurangabad in Bihar and Athagarh 9.
Frequently asked questions
It was incorporated in 1979 and began production at Beawar in 1985.
Sources differ: Business India says 1992, Wikipedia gives 1991 for the split and 1995 for full control of Shree Cement.
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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