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e Edition August'10

Shree Cement Q1 Turnover at INR 922.95cr – up by 50%

Shree Cement had a sound first quarter with its net profit seeing an increase of 50% as compared to the first quarter of 2008-09. The total turnover during the first quarter this year is INR 922.95cr, which is INR 291.13cr more than the turnover, the same time last year (INR 615.11cr).

The company attributes this increase in profit to higher volume growth on account of rapid capacity expansion undertaken by the company over last 2-3 years and also to the reduction of fuel and power expenditure. Buoyed by this positive performance, the company is investing Rs 1,000 crore to set up new cement and power plants.

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