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  • Business Today

    RUNNING A TIGHT SHIP

    Mar 11, 2022 3 minutes
    By Krishna Gopalan

    ▶ H.M. BANGUR IS a trifle embarrassed when you tell him very few in the cement industry can match his cost structure. “Yes, I think we do a good job. To hear that is flattering but also truthful,” says the MD of Shree Cement.

    What is not commonly known is that the company was on the verge of bankruptcy 25 years ago. Shree Cement today has an installed capacity of 46.4 million tonnes, with a road map to get to 80 million tonnes in the next 4-5 years. Reflecting on the tough times, Bangur—a

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