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.

Cement demand in India will grow 15% in next three years: Shree Cement

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.

See higher demand for cement in Q3; to do volumes of 20 mt in FY18: Shree Cement

The company is expecting better results in Q3FY18 compared to that of Q3FY17 because of low base effect, said HM Bangur, MD, Shree Cement.

Expect FY18 sales volumes to grow by 12%, says Shree Cements

Shree Cements' Q1 earning beat estimates as sales volumes were strong and capacity expansion is coming on stream. In an interview to CNBC-TV18, HM Bangur, MD of the company spoke about the results and his outlook for the company.

FY18 EBITDA/tonne to be better than in FY17: Shree Cements

Average cement prices for the year would move higher by 3-4 percent less than inflation but in the short-term, they could move up or down dramatically, said HM Bangur, MD, Shree Cement.

Pricing may improve over next two months: Shree Cements

"It will take probably one-two months more for the prices to come back", Subhash Jajoo, CFO of Shree Cements told CNBC-TV18.

Sanjay Ladiwala doesn't see double-digit demand growth in cement

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.

See demand pick-up, higher sales volumes in H2FY17: Shree Cement

HM Bangur, MD, Shree Cement is upbeat on seeing an uptick in demand in the second half from November 15 onwards.

CCI slaps over Rs 6,700 crore fine on 11 cement cos

Competition Commission today imposed more than Rs 6,700 crore penalty on 11 cement companies, including ACC and Binani, for cartelisation.

Aim to add 2-3 million tonne capacity every year: Shree Cements

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

There are more sellers, fewer buyers in cement space: Dalmia

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.

Capacity utilisation for new plants at around 55%: Shree Cement

Cement capacity utilisation for the quarter came down from 88 to 77 percent because of addition of new units. The new plant capacity utlilisation currently stood at around 55 percent, said HM Bangur, Managing Director, Shree Cement.

See pick up in cement prices ahead: Shree Cement

The company has managed to achieve 80 percent capacity utilisation, including the Chattisgarh plant, in the quarter under review. Bangur expects the Chattisgarh plant to run at 60 percent capacity in the next quarter.

New plant to up capacity to 24mt: Shree Cement

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.

Expecting 16 million tonne sales this year: Shree Cements

Shree Cement second quarter net profit fell 18.9 percent year-on-year to Rs 93.7 crore. But HM Bangur, Managing Director, Shree Cement remains optimistic about the future.

Demand still weak; JP Associates deal soon: Shree Cement

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 to buy JP's cement grinding unit for Rs 360cr

Shree Cement was in talks with JP Associates with respect to this deal for a month, HM Bangur, managing director of Shree Cements.

See uptick in demand & prices in Jan to July: Shree Cements

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.

Hoping for a price rise as demand picks up: Shree Cements

MK Singhi, Executive Director Shree Cements says of the Rs 172 crore net profit this quarter, Rs 74 crore is other income. Though he is hopeful that the coming months will be healthy, so there maybe chances of demand growth and then prices may also rise.

Target 90% capacity utilisation in FY14: Shree Cement

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

Expect price rise; power biz upping margins: Shree Cement

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.

Shree Cement eyes growth in H2FY13; 100% prod capacity

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 company‘s net sales grew by 19.4 percent to Rs 1428 crore from Rs 1,195.8 crore during the same period.

Boost in margins on increased cement capacity: Shree Cement

HM Bangur, MD, Shree Cement explains to CNBC-TV18 that improvement in EBITDA margins at 32 percent of revenue was because of an increase in capacity from 70 percent last year to 90 percent currently.

Got no chance to defend CCI allegation: Shree Cement

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.

Growth will slow down, power sale to rise: Shree Cements

HM Bangur, managing director, Shree Cements told CNBC-TV18 that he expects the growth rate to slow down and forecasts a surge in the sale of power