Impact – Business
According to Shree, sustainability is not about
ticking boxes. The company views sustainability
as a source of competitive advantage and sees
the benefits of waste and energy reductions in
cost reductions. Thanks to its investments in
technology, Shree Cement has propelled itself
rapidly into the position of a world-class producer
in terms of input-output ratios, as well as volume
and quality.
These efforts have enabled Shree to perform well
financially. The average annual revenue growth
between 2005 and 2009 was about 50%. The
EBITDA margin has been stable with an average of
39%.
Shree Cement also enjoys one of the highest
employee retention rates in India for the cement
industry – reaching 95% in 2009-2010. In a survey
conducted by Business Today, Mercer and TNS
in 2008, Shree was classed among the 20 best
employers of India – one of five manufacturing
companies listed.