Hm Bangur

Shree Cement aims to scale at least 25 percent or 10 MTPA capacity inorganically in the next five years, said Chairman HM Bangur

Shree Cement Q2 profit rises 18%, EBITDA improves to Rs 1300/tn

Shree Cement's second quarter profit grew by 18.3 percent year-on-year to Rs 291.5 crore on strong topline as well as operational performance.

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

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.

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.

Shree Cement up 2%, to buy JPA's unit; CLSA retains buy

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 Shree‘s 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.

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

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

Power sales will increase by 200% in FY12: Shree Cements

In an interview with CNBC-TV18, HM Bangur, MD, Shree Cements says, FY11 revenues are almost flat. “FY12, we don’t expect anything better, almost similar result will be there,” he adds. He further says, in FY12, power sales will increase by 200%.

Q4 to be better than Q3, says Shree Cement

In an interview with CNBC-TV18, HM Bangur, MD, Shree Cement, spoke about the results and his outlook for the company.