Shree Cement has earned the recognition of being one of the most efficient and sustainable organizations, friendly and loyal to all its stakeholders. Its continued thrust on realizing higher efficiencies has enabled the delivery of strong operational performances year after year while high standards of corporate governance and emphasis on transparency and timely reporting have made it a globally admired company. Shree has successfully created and sustained a culture which encourages innovation and rewards risk taking which in turn has led to high engagement levels amongst its people who perform and outperform at work every single day.
The Company's Turnover and Net Profit for 11-12 (15 month period) was Rs. 5,898.12 crores and Rs. 618.50 crores respectively. The Company's cement plants are located at Beawar, Ras, Khushkhera, Jobner (Jaipur) and Suratgarh in Rajasthan and Laksar (Roorkee) in Uttarakhand. It follows a multi-brand strategy and sells its cement under the highly recognized brands of Shree Ultra, Bangur and Rockstrong. Shree sells the majority of the cement it produces in North India.
It presently has a cement production capacity of 13.5 MTPA (million tons per annum). It plans to raise it further and as a first step, has already undertaken work on setting up two new Clinker Manufacturing Units of 2 MTPA capacity each at Ras in Rajasthan. A new Grinding Unit in the state of Bihar and an Integrated Unit in the state of Chattisgarh have also been envisioned and pre-project activities are in their final stages of completion.
Shree also has a power generation capacity of 560 MW with plants located at Beawar and Ras in Rajasthan. This includes 300MW (150MWx2) thermal power plant commissioned at Beawar during 11-12. The first unit of this plant was completed in a world record time of 21 months and 20 days against the normal completion time of 32 months and best achieved period of 28 months for such power plants. The Company's waste heat recovery power plants have a total capacity of 46MW which is the largest such capacity in the global cement industry (excluding China). It has, over the years, turned itself from a mere captive power generator into a major player in the merchant power sale and trading business.
An important facet of Shree's success is its sustainable nature achieved on the foundation of its 'Clean and Green is Profitable' and 'You Green - Company Green - Globe Green' business philosophies. The Company has been successful in putting into action, green processes in its operations which in turn result in the production of 'Green Cement' and 'Green Power'. This manner of working has not only helped protect the environment but has also led to enhanced efficiencies and reduced costs in operations at Shree. The fundamental drive behind such and indeed all other endeavors too at Shree is the high level of engagement and self-motivation in its people which in turn stems from the high levels of their happiness. The Company continually directs its efforts towards the prosperity of its people and believes that its talent and other stakeholders are ultimately, the ones who will sustain Shree's success story. This is aptly reflected in the Company's triple bottom-line approach i.e. environmental, economic and social.