Over 1000 retailers across Odisha will have access to the product, along with live in-store demonstrations designed to highlight its strength, finish, and premium performance. The product has already made a strong mark in the premium cement category across the eastern region, through 2,000+ retailers across Bihar, Jharkhand, and West Bengal.

Speaking on the launch, Neeraj Akhoury, Managing Director of Shree Cement Ltd., said, “With Bangur Marble Cement, we’re redefining what premium construction material should deliver. This product brings unmatched brightness, strength, and performance, meeting the expectations of today’s builders and homeowners who demand both beauty and durability. Odisha, a key focus market, will further accelerate Shree Cement’s growth momentum in the east.”

Bangur Marble’s unique formulation uses GGBS, a steel industry by-product, reducing environmental impact without compromising performance. The result is a high-strength, high quality, and long-lasting cement solution that supports greener building practices and more resilient structures. This product will be offered alongside Bangur Cement’s premium lineup, including Jungrodhak, Rockstrong, Powermax, Magna, and Roofon.

This launch underscores Shree Cement’s mission to champion sustainability and lead the shift toward responsible, high-performance construction in India.

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This initiative is designed to reinforce safe behaviour, motivate workers through positive engagement and build a stronger sense of collective responsibility toward safety. Families play an important role in encouraging workers to prioritise personal safety and return home safely each day.

Under this programme, families will be invited to the plant to understand the work environment and the safety systems in place for their family members. The visit will include an overview of key safety initiatives and the Unit Head underscoring the company’s commitment to employee wellbeing.

By formally engaging families in safety awareness, the company aims to further embed a culture where safe practices are consistently upheld, and unsafe actions are actively discouraged. The programme will be implemented across all Shree Cement manufacturing units and will cover all contract employees and associates.

Speaking on the initiative, Satish Maheshwari, Chief Manufacturing Officer, Shree Cement, said, “At Shree Cement, safety is a shared responsibility that extends beyond the workplace. Through Kutumb Utsav, we are bringing families into this dialogue to reinforce why consistent safe behavior is essential for every individual. When the importance of returning home safely is understood collectively, our commitment to safe practices becomes stronger across all levels. This initiative further strengthens our culture of care and our responsibility to identify and communicate potential hazards without exception.”

The initiative is part of Shree Cement’s ongoing efforts to foster a proactive, people centred and sustainable safety culture across its operations.

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Bengaluru, September 15, 2025: Shree Cement, one of India’s leading cement producers, has reached a significant sustainability milestone by completing an independent limited assurance of its Water Accounting data and Water Positivity Index. The assurance was conducted by Intertek India Pvt. Ltd., in alignment with ISAE 3000 (Revised), underscoring the company’s leadership in responsible water management.

The verification spanned Shree Cement’s entire operational footprint, covering 16 manufacturing units and rainwater harvesting sites across 11 Indian states. It included all facilities under the company’s operational control that draw freshwater and undertake rainwater harvesting, as well as external conservation projects implemented by Shree Cement in local communities.

Through these efforts, Shree Cement has replenished and conserved more than 19.58 million cubic meters of water, making it over 8 times Water Positive in FY 24-25, a benchmark achievement in India’s cement sector.

Commenting on the accomplishment, Neeraj Akhoury, Managing Director, Shree Cement said, “Water is a shared and vital resource for both communities and industries. At Shree Cement, we go beyond efficient usage focusing on replenishment, resilience and long-term sustainability. The independent verification of our Water Positivity Index highlights the scale of our impact and strengthens our commitment to advancing water stewardship across our operations and communities. We will continue to invest in scalable solutions that balance business growth with ecological responsibility.”

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Mr. Joshi, an accomplished manufacturing professional and alumnus of Shree Cement, has over four decades of extensive experience in the cement industry. Over the course of his career, he has held senior leadership positions with reputed organizations including Aditya Cement, Heidelberg Cement, and Orient Cement. He rejoined Shree Cement in September 2024 from Orient Cement, where he served as Unit Head and is presently associated with the Manufacturing Excellence team in Kolkata.

In his new role, Mr. Joshi will lead Shree Cement’s quality function, with a focus on product excellence, raw material optimization, raw mix design and new product development. His mandate includes strengthening the company’s quality systems and embedding global best practices across operations.

Satish Chander, Chief Manufacturing Officer, Shree Cement, said on the appointment: “We are delighted to welcome Mr. Joshi to spearhead quality function at Shree Cement. He brings a unique blend of technical expertise, operational depth and leadership skills that will significantly strengthen our capabilities. Quality has always been at the core of Shree Cement’s growth journey, and under his guidance, we are confident of taking our quality systems to the next level. His leadership will play a pivotal role in driving product excellence, innovation, and sustainable value creation for our stakeholders.”

Commenting on his role, Mr. Joshi said: “It is a privilege to rejoin Shree Cement at such an exciting phase of growth. I look forward to collaborating with teams to enhance product performance, strengthen quality systems, and contribute to the company’s commitment to global excellence and innovation.”

With this appointment, Shree Cement reinforces its dedication to strengthening quality leadership while delivering sustainable value to stakeholders.

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Bengaluru, July 25, 2025:  Shree Cement, one of India’s leading cement producers, extends a heartfelt tribute to the nation’s Bravehearts on Kargil Vijay Diwas through its pioneering initiative, Project Naman – A Salute to Martyrs.

Deeply rooted in the company’s commitment to national service and conceptualized by Shri H.M. Bangur, Chairman, Shree Cement, Project Naman is a unique CSR initiative that offers free cement to support the families of soldiers and personnel from the Armed Forces and Paramilitary Forces who lost their lives in the line of duty—helping them build a secure and dignified future.

The idea stemmed from a simple yet profound question: What can be done to offer something truly meaningful to the families left behind by those who gave their all for the nation? The answer was as powerful as it was practical—to help them build a solid home.

Speaking on the occasion, Neeraj Akhoury, Managing Director, Shree Cement said, “A home is not just a shelter; it is the very foundation of dignity, security and healing. Project Naman is our way of giving back to those who gave everything. On this Kargil Vijay Diwas, we stand with the families of our martyrs. They will always remain in our memories, and we want to give our humble support to the families.”

The project was formally launched in collaboration with the Ministry of Defence and the Kendriya Sainik Board (KSB) with an MoU signed in October 2020. Since then, Project Naman has steadily grown in both reach and impact. As of July 2025, the initiative has supported 183 families from the Army, BSF, CRPF and Assam Rifles. Over 79,000 cement bags have been released under the scheme, laying tangible foundations for dreams that once seemed uncertain.

The scheme covers fatal casualties that occurred between January 1, 1999, and January 1, 2019 — a deliberate span to ensure that even long-forgotten sacrifices are recognised, remembered and honoured. So far, applications from 266 families have been received, helping many lay down new roots and rebuild their futures.

As India remembers the heroes of Kargil and countless others who laid down their lives for the nation. Shree Cement is committed to lead with empathy and purpose, transforming tribute into tangible impact.

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The accreditation based on ISO/IEC 17025 standards, affirms the technical competence of the laboratory in delivering accurate and reliable test results. It also demonstrates compliance with globally accepted testing protocols, enabling international recognition of test reports through the Mutual Recognition Arrangement (MRA) governed by the International Laboratory Accreditation Cooperation (ILAC).

Commenting on the development, Neeraj Akhoury, Managing Director, Shree Cement Ltd., said:

“The NABL accreditation is a significant milestone in our pursuit of operational excellence and global standards. It reflects our commitment to quality, precision and continuous improvement. This recognition strengthens stakeholder trust and demonstrates our focus on enhancing technical capabilities across operations. By aligning with international benchmarks, we continue to build a future-ready organisation driven by reliability, innovation and performance.”

The Raipur laboratory plays a critical role in ensuring consistency across a broad range of quality parameters, thereby supporting the plant’s production standards. With this accreditation, it joins a select group of laboratories in India recognised for their adherence to globally accepted testing practices.

As NABL is a member of both the Asia Pacific Accreditation Cooperation (APAC) and the International Laboratory Accreditation Cooperation (ILAC), the Raipur lab’s certified test reports are now internationally recognised. This achievement reaffirms Shree Cement’s position as a quality-driven, forward-thinking organisation aligned with global best practices.

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With this latest addition, solar capacity at the Roorkee facility has grown sevenfold from 1.0 MWp to 7.0 MWp. Shree Cement’s total solar footprint now stands at an impressive 293.5 MWp, reinforcing its leadership in sustainable manufacturing within India’s cement sector.

Neeraj Akhoury, Managing Director, Shree Cement said, “Sustainability is embedded in everything we do.     The commissioning of the Roorkee solar plant is a testament to our commitment to reducing carbon emissions and building long-term energy resilience. Projects like this not only benefit the environment but also create local jobs and contribute to inclusive economic growth.”

Developed with a capital investment of approximately ₹16 crore, the solar power plant is expected to significantly reduce reliance on grid power and offset around 6,500 metric tonnes of CO₂ emissions annually, contributing meaningfully to climate action.

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Mr. Bhardwaj brings nearly three decades of rich and diverse industry experience in conceptualising and executing impactful CSR strategies across India and other geographies, with deep expertise in the cement, pharmaceutical and chemical sectors. He joins Shree Cement from Indorama Corporation where he served as Group CSR Head based in Dubai, leading the company’s global CSR agenda. A passionate advocate for community-driven transformation, Mr. Bhardwaj is deeply committed to fostering sustainable change through inclusive development initiatives, long-term partnerships and building a smarter today, for a sustainable tomorrow.

In his new role at Shree Cement, Mr. Bhardwaj will spearhead the company’s CSR strategy, strengthen implementation frameworks and build strategic partnerships to scale social impact across communities — with a focus on quality and measurable outcomes.

Neeraj Akhoury, Managing Director, Shree Cement said on the appointment, “At Shree Cement, we view social responsibility as an essential pillar of our business philosophy. We are delighted to welcome Vishal Bhardwaj whose global perspective and grassroots understanding of CSR will help us scale our efforts meaningfully and sustainably. His leadership will be instrumental in aligning our social investments with national development priorities.”

Commenting on his new role at Shree Cement, Mr. Bhardwaj said, “I am honoured to join Shree Cement, a company with a strong legacy of nation-building and community engagement. I look forward to collaborating with teams across locations to design and implement innovative, inclusive and high-impact CSR programs that empower people and create lasting social value.”

Shree Cement has consistently demonstrated its commitment to Corporate Social Responsibility, positively impacting over 6.7 lakh individuals. Its CSR initiatives align with the UN Sustainable Development Goals and span across healthcare, education, women empowerment, rural infrastructure development and environmental conservation.

Through the Shree Foundation Trust, the company works closely with local communities across numerous villages, with a strong focus on sustainable development and fostering self-reliance. Healthcare initiatives include mobile medical vans and health centres to improve access to essential services for underserved populations.

In the field of education, Shree Cement supports schools, undertakes infrastructure upgrades and provides merit-based scholarships to children in nearby communities.

The company also drives women empowerment through vocational training programs, offers financial assistance to Below Poverty Line families for the marriage of girls over the age of 18 and supports new born girls through fixed deposit schemes under the Sukanya program.

Additionally, through its national initiative ‘Project Naman’, launched in December 2021, Shree Cement provides free cement to the families of armed forces personnel martyred in the past 20 years, supporting the construction of homes on plots of up to 4,000 sq. ft. and honouring their sacrifice in a meaningful and lasting way.

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With a sharp strategic focus on climate-resilient operations, Shree Cement is aggressively investing in renewable infrastructure, making sustainability a central pillar of its growth strategy. This commitment has been consistently demonstrated through large-scale deployment of solar energy, wind power and waste heat recovery systems across its manufacturing units.

Commenting on the milestone on World Environment Day, Mr MM Rathi, Joint President – Power Management, Shree Cement said, “We are building a future-ready enterprise rooted in sustainability, innovation and performance. Our transition to green power is not just a business imperative it is a long-term commitment to a cleaner, more responsible future. Through this journey, we aim to set new benchmarks for the entire cement industry.”

The company has integrated green energy solutions into every aspect of its value chain from sourcing and production to packaging and logistics. The aim is not only to reduce carbon footprint but also to ensure long-term energy security and operational resilience. This transition is further supported by data-driven energy management systems that improves efficiency and reduce dependency on fossil fuels.

The company’s sustainability efforts have earned it prestigious recognition including a CareEdge ESG 1 rating and the title of “Industry Mover” in the S&P Global Sustainability Yearbook 2025, reflecting its leadership in ESG performance.

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The agreement is effective for a period of five years from the date of signing and can be extended further with mutual consent.

Speaking on the occasion Mr Neeraj Akhoury, Managing Director, Shree Cement said, “As we expand our manufacturing footprint across India, strengthening our logistics and supply chain infrastructure becomes increasingly critical. Our collaboration with RITES is a strategic step towards creating a more efficient, cost-effective and sustainable transportation system that supports our growth while reducing environmental impact.”

Under the terms of the MoU, RITES will cover the services from concept to commissioning in connection with the up-gradation, renovation and establishment of new rail connectivity for the transportation of raw materials, cement, and other associated materials. Further, RITES will act as the Project Management Consultant (PMC), providing end-to-end consultancy services that span the entire lifecycle of infrastructure projects from reconnaissance and feasibility studies to detailed project reports and execution management.

As part of its role, RITES will also assist in securing all necessary approvals from the Ministry of Railways and other relevant authorities for civil, signal and telecom, overhead electrification and mechanical engineering components. Additionally, RITES will support Shree Cement in contractor selection by evaluating and certifying the eligibility of executing agencies during the tendering process.

Dr. Deepak Tripathi, Director (Technical) & Director (Projects, Addl Charge), RITES Ltd., said, “We are pleased to partner with Shree Cement in the infrastructure development journey. With our proven expertise in rail and transport engineering, we are confident of delivering integrated and future-ready solutions that align with our mutual business goals.”

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