Shree Cements has commissioned a new cement grinding unit with 2 mtpa capacity in Bihar. In an interview to CNBC-TV18, HM Bangur, MD of the company spoke about the latest happenings in the company, cement price and demand.
CNBC-TV18's Kevin Lee spoke to Shree Cements' Managing Director Hari Mohan Bangur on the side-lines of the Forbes India Leadership Awards and asked him his outlook on domestic cement demand.
Demonetisation and an increase in raw material prices have dealt a double whammy to the cement sector. How long will this pain last? Will there be demand recovery in 2017? CNBC-TV18's Latha Venkatesh & Sonia Shenoy asks the experts.
Competition Commission today imposed more than Rs 6,700 crore penalty on 11 cement companies, including ACC and Binani, for cartelisation.
East business is expected to grow faster than the company‘s main north business. Cement demand, Bangur says, will rebound strongly post monsoon as the rural income rises
Nisha Poddar of CNBC-TV18 was joined by Puneet Dalmia of Dalmia Bharat, Anil Singhvi of Ican Investments Advisors and Vikram Hosangady of KPMG to understand the big deal between JP Associates and UltraTech Cement, and other deals in the offing.
In an interview with CNBC-TV18‘s Latha Venkatesh and Sonia Shenoy, HM Bangur, MD, Shree Cement, outlined the company‘s plans to increase its capacity as well as its sales outlook going forward.
According to HM Bangur of Shree Cements prices have been impacted adversely due to low demand.The prices have come down by Rs 10-15 per bag in the North India where they operate.
Shree Cement was in talks with JP Associates with respect to this deal for a month, HM Bangur, managing director of Shree Cements.
HM Bangur, managing director, Shree Cement pointed out that cement prices in Northern India fell by Rs 10-15 on an average in the first quarter due to adverse weather conditions.