Latest news with #ShreeCementLimited
Indian Express
28-05-2025
- Business
- Indian Express
Karnataka clears Rs 15,441-crore investment proposals expected to create over 5,000 jobs
The Karnataka government on Wednesday cleared investment proposals worth Rs 15,441 crore, which it expects to generate 5,277 jobs when realised. These include four new and expansion investment proposals and two amendment investment proposals. A meeting of the State High-Level Clearance Committee, which clears proposals exceeding Rs 500 crore, was chaired by Chief Minister Siddaramaiah during the day. According to a release issued by Industries Minister M B Patil, the four new proposals will invest Rs 13,921 crore, generating 3,948 jobs, and the two amendment proposals are worth Rs 1,520 crore, generating 1,329 jobs. The new proposals include investment of Rs 2,406 crore by Shree Cement Limited (300 jobs), proposals by Dalmia Cement (Bharat) Limited worth Rs 3,000 crore and Rs 3,020 crore (570 jobs each), and a Rs 5,495 crore proposal by Emmvee Energy Private Limited (2,508 jobs). The additional proposal includes a Rs 190.17-crore investment by Colortone Textiles Private Limited (371 jobs) and a Rs 1,330-crore investment by Bosch Automotive Electronics India Pvt Ltd (958 jobs). In another meeting, the State-Level Single Window Clearance Committee under Patil approved 63 projects worth Rs 1,741.6 crore. These include seven large and medium industries with an investment of Rs 593.8 crore, which would generate employment opportunities for about 2,093 people. Fifty-three new projects, each with an investment range of Rs 15-50 crore, were also cleared. These projects will invest Rs 1106.6 crore, generating 4,961 jobs. Three additional proposals worth Rs 41.2 crore were also approved.
Time of India
13-05-2025
- Business
- Time of India
Not for IIM: HM Bangur runs a Rs 1,00,000 crore empire, but still took the CAT exam every year. The reason will inspire you
Hari Mohan Bangur , the chairman of Shree Cement Limited , is widely regarded as one of India's most transformative business leaders in the manufacturing sector. A chemical engineering graduate from IIT Bombay (Class of 1975), Bangur has played a pivotal role in shaping not only his company but also the broader cement industry. The networth of Bangur family is pegged at close to Rs 60,000 crore while the market cap of Shree Cement is more than Rs 1 lakh crore. Interestingly, Hari Mohan Bangur in an interview in 2019 said that he used to take the CAT (Common Admission Test) for admission into IIMs — not for admissions, but as a personal benchmark. In the world of management, he said, there's rarely a clear measure of how well you're performing in real time. Unlike sports tournaments like the French Open or Wimbledon, where there's a clear winner, business success often rests on past achievements. So, he used the CAT to test himself and see where he stood. On average, he said he would score around the 93-94 percentile. He joked that his experience should add another 5 percentile — because experience matters, too! 'So, I'd tell people my 'real' score was 98 percentile'" he said. But he has since stopped taking the CAT exam about five years ago, but was a fun way to keep challenging myself outside the boardroom. Since taking the reins of Shree Cement in 1992, Bangur has driven the company's growth with a sharp focus on innovation, energy conservation, and sustainable practices. Under his leadership, Shree Cement has become one of India's fastest-growing cement manufacturers — all while maintaining strict financial discipline. 'We've never overleveraged ourselves,' he emphasizes, attributing the company's consistent success to wise capital allocation and a long-term vision. Bangur is credited with pioneering multiple industry-changing initiatives, including the use of pet-coke as fuel, synthetic gypsum production, and the adoption of waste heat recovery systems. Shree Cement also holds a world record for executing cement projects in the shortest time and at the lowest cost among peers — a testament to his efficient project management. His influence extended beyond the boardroom during his tenure as President of the Cement Manufacturers Association (2007–09), where he promoted eco-friendly practices like using fly ash and advocating concrete roads for durability. He remains active in several key industry bodies, including the Bharat Chamber of Commerce and the National Council for Cement and Building Materials. A firm believer in giving back, Bangur actively supports charitable work in education, healthcare, and social welfare. His leadership has earned him accolades like the Ernst & Young Entrepreneur of the Year (Manufacturing) Award in 2016 and recognition at the Forbes India Leadership Awards in 2017, where he also graced the magazine's cover. His hobbies Apart from work, Hari Mohan Bangur enjoy a few hobbies that helps him unwind and stay sharp. He regularly play card games, with Bridge being a favorite. It's strategic and keeps my mind engaged. He also likes playing volleyball now and then — it's a great way to stay active. Occasionally, he experiments in the kitchen too; cooking is both relaxing and rewarding.
