Shree Cement has moved in the last two decades from having 2 million tonne (mt) production capacity to becoming the country’s third largest cement player, with an installed capacity of 43.3 mt in India and 47.4 mt overseas. The company’s next phase of growth is underway. H M Bangur, managing director of Shree Cement, tells Ishita Ayan Dutt in an interview that India’s economic growth augurs well for cement and the entry of the Adani Group  does not alter his company’s plans.

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.

He joined Shree Cement in 2004 and since then has been involved in all strategic policy and operational matters of the company. Prashant is a member of the Indian Chamber of Commerce, the managing committee of Bharat Chamber of Commerce & Industry and Cement Manufacturers’ Association (CMA) and the managing committee of the Indian School of Business, Hyderabad.