Tag: Shree Cement

Business

Shree Cement’s installed power capacity tops 1 GW; To further sharpen focus on green generation

Jun 24, 2024 by Sujata Muguda 0 Comments #1 GW capacity, #Green generation, #India’s third largest cement manufacturer by capacity, #Mr Akhoury, #Mr. Neeraj Akhoury, #Mumbai, #Shree Cement, #Shree Cement Ltd

Mumbai | 24 June 2024 : Shree Cement Ltd, India’s third largest cement manufacturer by capacity, is proud to announce that it has achieved a significant milestone of one GW (1,000 MW) of installed power capacity. This accomplishment was marked by the commissioning of a 19.5 MW solar power plant at its manufacturing unit in Andhra Pradesh.

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The 1 GW capacity includes a mix of solar, wind, thermal and waste heat recovery power plants, showcasing Shree Cement’s diversified approach to meeting the electricity demand for cement production.

Significant investments totaling Rs 4000 crore have been made to expand the renewable portfolio, which now accounts for nearly 50% of the installed power capacity at 499 MW. Notably, Shree Cement’s 244 MW capacity from waste heat recovery is one of the highest in the global cement industry.

Looking ahead, an estimated capex of Rs 1000 crore is planned in FY25 for installation of additional RE capacity. This will include 132 MW solar capacity in five states – Jharkhand, Haryana, Rajasthan, Uttar Pradesh and Uttarakhand, 36 MW of wind generation in Rajasthan and 34 MW of waste heat recovery capacity in Karnataka and Rajasthan.

Commenting on this milestone, Mr. Neeraj Akhoury, Managing Director, Shree Cement said, “Achieving a power capacity portfolio of this size ensures that we have abundant electricity to not just power our existing cement production but also our expansion projects. We will contribute the surplus power to states and central grid.”

“Significant integration of green electricity has helped us produce cement in a more sustainable and cost-effective manner. Today nearly 56% of our power requirement is met from renewable resources which is the highest in the Indian cement industry. Our aim is to set a benchmark for sustainability within the cement sector and inspire positive change throughout the industry,” Mr Akhoury added.

Recently, Shree Cement announced its membership in the RE100 initiative, committing to harness 100 percent renewable electricity for its entire operations by 2050. With sustainability as the cornerstone of the company’s growth strategy, Shree Cement has been a pioneer in adopting innovative technologies to minimize the consumption of non-renewable sources and reduce emissions. The company is also exploring advanced techniques to enhance renewable electricity usage, such as battery storage, pump storage, and green hydrogen.

News

Pronam celebrates Christmas with the elderly citizens of St Joseph’s Home

Dec 28, 2021 by Gouri Achary 0 Comments #Bengal and Kolkata Police, #Esha Dutta, #Manika Batabyal, #Pronam, #Shree Cement, #St Joseph’s Home, #Sundeep Bhutoria

Pronam, a joint initiative of The Bengal and Kolkata Police for the senior citizens of the city and supported by Shree Cement, organized a programme “Celebration of Christmas” at the Little Sisters of the Poor, St Joseph’s Home for the aged in Kolkata on Sunday. Ms Esha Dutta, Joint Convener of Pronam Project, from The Bengal, inaugurated the Xmas festivities by lighting the lamp and also briefly spoke about the Pronam Project. Ms Manika Batabyal, Additional AO, Pronam Ballygunge and Tollygunge Office, Executives of Pronam, two ASI, LO of Shakespeare Sarani Police Station and other staff of Pronam were present.

All the 165 senior citizen members, who attended the function, were welcomed with a rose. Musical group Sur Taal Chhondo sang a few melodious songs for the elderly audience. “The senior citizens often face and fight loneliness in their lives. It is a matter of immense satisfaction to see senior citizens thoroughly enjoy an evening of Xmas celebrations. Pronam reaches out to the elderly members of our city from time to time with small events and functions to bring joy in their lives and a smile on their faces. The Pronam project has been very successful in creating a community service model for the elderly in the city,” said Mr Sundeep Bhutoria of The Bengal.

“It was a very touching and wonderful sight to see some of the senior citizens get up and dance to the songs and music while others tap their feet in rhythm,” said Ms Esha Dutta. One senior member who sang a song was much appreciated by all present.

The senior members were served food packets, tea and water. A vote of thanks was given by Mr John, an octogenarian member of the Little Sisters of the Poor.

The Pronam project has a membership base of 20,000 senior citizens and growing. A Kolkata-based non-governmental organisation, The Bengal, and Kolkata Police collaborate on a regular basis to provide physical, emotional and medical support to the senior citizen members of Pronam who often suffer from age-related infirmities and need help and support. Shree Cement provides support to the Pronam project under its corporate social responsibility initiative. Currently, senior citizens above the age of 65 years living within the jurisdiction of Kolkata are eligible for Pronam membership.

Business World

Shree Cement East Bengal Foundation (SCEBF) to carry forward the legacy of East Bengal

Oct 9, 2020 by Gouri Achary 0 Comments #Indian Super League (ISL) 2020-21 session., #Mr. Prashant Bangur, #Shree Cement, #Shree Cement East Bengal Foundation (SCEBF)

Shree Cement, India’s leading cement manufacturer and the investor in East Bengal Football Club, has announced in a press communique the formation of Shree Cement East Bengal Foundation (SCEBF) to steer the affairs of the 100-year-old football Club while gearing up for the Indian Super League (ISL) 2020-21 session.

Shree Cement, in its first official communication, expressed thanks and gratitude to the Hon’ble Chief Minister of West Bengal, Smt Mamata Banerjee, and Mrs Nita Ambani, Founder & Chairperson, Football Sports Development Limited (FSDL), for recognising the legacy of the century-old institution.

“We are delighted to be part of the Hero Indian Super League (ISL) 2020-2021 season. A formal agreement with East Bengal was signed today and I thank the Hon’ble Chief Minister of West Bengal, Smt Mamata Banerjee, for her inspiration, guidance and continuous support. She is dedicated to the development of sports in West Bengal and we share the same vision,” said Mr Hari Mohan Bangur, Managing Director, Shree Cement Limited, through an official press release here today.

“We also extended our thanks and gratitude to the Football Sports Development Limited (FSDL) for recognising the legacy of our Club and to Mrs Nita Ambani for her constant encouragement. The objective is to revive the glorious past of the Club. For our fans, we promise to leave no stone unturned in our bid to strive for excellence,” Mr Bangur said.

“We are delighted to take part in the Hero Indian Super League. At our Club, our aim will always be to develop the game in every way possible. We promise to put our best foot forward and make the fans proud in our first season,” Mr. Prashant Bangur, Shree Cement Joint Managing Director, said.

“Football is not just a passion but very much a part of Bengal’s rich and varied culture and the East Bengal Football Club is the face of Bengal’s football. We would focus on nurturing the players and their development by creating an ecosystem within the Club to carry forward its legacy. We will ensure the flag of East Bengal flies high and thank our millions of supporters all over the globe,” Mr Prashant Bangur said.