The announcement was made on Saturday (6 November 2021).

Shree Cement is one of India's top three cement producers. Its portfolio of products includes Shree Jung Rodhak Cement, Bangur Cement, Roofon and Rockstrong Cement. It also has an installed power generation capacity of 752 megawatts which includes waste heat recovery power, solar power, wind power along with others.

The company's consolidated net profit rose 6.8% to Rs 563.94 crore on a 2.8% increase in net sales to Rs 3,373.38 crore in Q2 September 2021 over Q2 September 2020.