Shree Cement is an Indian cement manufacturer, founded in Beawar, Rajasthan, in 1979. Headquartered in Kolkata, it is India's third largest cement producer group by capacity[2][3] and third largest cement company by market capitalisation.[4] Shree Cement has an installed cement production capacity of 66.8 mtpa including overseas operations.[5] It also produces and sells power under the name Shree Power (captive power plant) and Shree Mega Power.[6][7]
In 2014, Shree Cement acquired a grinding unit in Panipat, Haryana.[9]
In 2018, Shree Cement acquired UAE-based Union Cement, which had a capacity of 4 mtpa in the Emirate of Ras Al Khaimah, for $305 million.[10]
In 2019, the company raised ₹2,399 crore through a qualified institutional placement. In December 2023, it commissioned a kiln at its plant in Nawalgarh, Rajasthan.[11]
In 2024, the company entered the ready-mix concrete (RMC) segment.
As of 2025, the company has a production capacity of 62.8 MTPA in India, and 4 MTPA in the United Arab Emirates.[9] It operates integrated and grinding units in 18 locations in India.[3][12][13]
In 2023, its subsidiary commissioned a new 3 MTPA grinding unit in Purulia district, West Bengal.[3] In April 2025, the company commissioned a 3 MTPA grinding unit in Etah, Uttar Pradesh. It also has integrated plants in Kodla, Karnataka, and Guntur, Andhra Pradesh.[14]
In 2018, six workers died at the under-construction Shree Cement factory at Kodla near Sedam in Kalaburagi district, Karnataka, after a crane collapsed.[15] In 2024, four workers died in separate incidents at the same factory within two months, prompting the district collector to launch an investigation into the factory's safety protocols.[16]
In February 2025, after another worker died at the same factory, a group of workers were filmed dragging his body and dumping it outside the premises. Six workers were arrested under various sections of the Bharatiya Nyaya Sanhita Act.[17][18]
