Aug 26, 2014 at 11:56 | Source: Moneycontrol.com
CLSA maintains buy rating on the stock with a revised target price of Rs 9,500 apiece. The brokerage believes a small acquisition (JPA grinding unit) and on-going expansions are set to raise Shrees capacity to 24 million tonnes (MT) in next 2-3 years (versus current 15 MT) making it one of the fastest growing firms in the industry.
Aug 25, 2014 at 16:54 | Source: CNBC-TV18
Shree Cement was in talks with JP Associates with respect to this deal for a month, HM Bangur, managing director of Shree Cements.
Jul 01, 2014 at 14:02 | Source: Moneycontrol.com
Shree Cement Ltd has informed BSE that Company has lighted up its Clinker Manufacturing Unit having capacity of 6000 Ton per day (TPD) at Bangur City, Ras in Pali District of Rajasthan on June 30, 2014.
May 22, 2014 at 11:02 | Source: CNBC-TV18
In an interview with CNBC-TV18s Latha Venkatesh and Sonia Shenoy, Shree Cement MD HM Bangur said the company has had to cut prices by Rs 10/20 per bag but added he was hopeful demand would rise in the coming months.
Jan 27, 2014 at 16:26 | Source: CNBC-TV18
According to HM Bangur of Shree Cements the weak cement realisations have hurt the company's performance in the quarter gone by. However, he expects EBITDA margin improvement of more than 21 percent going forward.
Dec 26, 2013 at 11:50 | Source: CNBC-TV18
Industry participants attribute the falling cement prices to weak demand trend and expect a meaningful pick-up only after elections, as infra activity picks up, said a CLSA report.
Jul 31, 2013 at 15:50 | Source: CNBC-TV18
The company expects about 90 percent capacity untilisation by June 2014 as it added one more unit last month. It is currently using 80 percent of its capacity
Apr 30, 2013 at 15:59 | Source: CNBC-TV18
HM Bangur, MD, Shree Cements, says that the company posted its third quarter number where they reported a rise in net profit from Rs 114.3 crore to Rs 274 crore on (Y-o-Y) basis. The revenue of the company also increased to Rs 1471.6 crore on (Y-o-Y) basis.
Feb 26, 2013 at 18:34 | Source: PTI
Cement may get costlier by Rs seven per bag of 50 kg because of the hike in freight rate by 5.79 per cent in Railway Budget today, but manufacturers of the building material said a final call will be taken after the Union Budget.
Jan 22, 2013 at 14:50 | Source: CNBC-TV18
Shree Cements reported a better than expected second quarter performance in the financial year 2012-13 with a 3.67 times rise in net profit to Rs 217 crore. The companys net sales grew by 19.4 percent to Rs 1428 crore from Rs 1,195.8 crore during the same period.