Shree Cement 'very bullish', setting up new factories: MD Bangur

Adani Group's entry in sector creates competition but doesn't change sector's plans radically, he says

Shree Cement has moved in the last two decades from having 2 million tonne (mt) production capacity to becoming the country’s third largest cement player, with an installed capacity of 43.3 mt in India and 47.4 mt overseas. The company’s next phase of growth is underway. H M Bangur, managing director of Shree Cement, tells Ishita Ayan Dutt in an interview that India’s economic growth augurs well for cement and the entry of the Adani Group does not alter his company’s plans.

What follow are edited excerpts from the interview.

Shree Cement’s profitability in Q1FY23 was impacted by higher costs: