We are taking good players and a coach," the owner of Shree Cement, which had an annual turnover of more than Rs 12,000 crore last year, said. There is no point bringing people without any knowledge of running the show,” he said. READ: ISL needs East Bengal, says Bhaichung Bhutia. The deal has also set the stage for the much-anticipated derby clash with Mohun Bagan in Indian football’s top tier. "This was made possible because of Mamata ji. Fowler coached the A-League team Brisbane Roar in the 2019-20 season when they finished fourth. Currently its manufacturing operations are spread over North and Eastern India across five states. We will walk together. A former national-level bridge player, Bangur said they want a long-term relationship with East Bengal. Shree Cement NSE 2.16 % Ltd reported a 68.4% rise in consolidated net profit at Rs 527.87 crore during the September quarter of FY 21, as against a net profit of Rs 313.30 crore during the same period last year led by better realisations and cost savings. In 1997, the company had expanded its production capacity from 1.2 million tonnes to 1.8 million tonnes. Bangur said they were never apprehensive about the deal despite East Bengal’s fallout with Quess Corp. “At this point of time we think that things will work out very well. We have two teams and won many tournaments.”. The coach is yet to be announced with the tournament less than three months away. “But we too want to take some recognition somewhere or other,” he said, indicating that there may be a prefix to East Bengal, similar to ATK Mohun Bagan FC. Shree Cement January-March quarter net profit down 19% to Rs 222 crore. Sharpest growth was posted by north based companies like JK Cement (25.6 per cent YoY) followed by JK Lakshmi Cement (16 per cent YoY) and Shree Cement (up 14.2 per cent YoY). Ask a Question. Due to the COVID-19 pandemic, the Indian football season started on 1 August 2020 and is supposed to end on 31 May 2021. read more -  PTI. Stocks in the news | M&M, Shilpa Medicare, PNB, Biocon, IDBI Bank, Majesco, Shree Cement, JSPL, HDFC and SREI Infra are some of the stocks which are in news today. But still we will give a good fight. The real challenge, however, will begin now on the field, as the club will have to finalise the squad. Claim this company page. We have long-term planning. shree cement Photos. This is Shree Cement office photo was submitted anonymously. We have long-term planning. The company, which has over 13 … 3 years ago. In the last 15 years, its share price has risen from ₹50 to ₹18,500, at a compounded growth rate of 48.3 percent, making it the best performing cement stock in India. We will just add one prefix. ... We are taking good players and a coach," the owner of Shree Cement, which had an annual turnover of more than Rs 12,000 crore last year, said. I hope it continues perpetually.”. Rockstrong Cement could not be reached for comment. Asked about the name of the club, he said: "It's such an old club, how can we dare to change the jersey colour or club's name. Among others, the club's journey to the Indian Super League involved a serious intervention by West Bengal Chief Minister Mamata Banerjee. Upload a photo. The latest announcement by Football Sports Development Limited (FSDL) chairperson Nita Ambani came less than a month after Banerjee personally announced city-based Shree Cement as the club's major stakeholders following negotiations in the state secretariat. Former England international and Liverpool legend Robbie Fowler has been appointed the head coach of East Bengal for a two-year tenure, team’s principal owner Hari Mohan Bangur said on Friday. Get your daily dose of Sportstar with handpicked stories delivered right to your inbox! Ask a question about working or interviewing at shree cement. ATK-Mohun Bagan had landed there on Friday. Shree is a rapidly growing Company focused on its core business of Cement & Power. On 2 September 2020, East Bengal announced a partnership with Shree Cement as their principal investors. Dubbed ‘God’ by Liverpool fans, Robbie Fowler scored 120 goals for Liverpool before playing for Manchester City and Leeds United before returning to Liverpool. Our community is ready to answer. We never faced any difficulty. ISL's growing footprint in the state and across India, is yet another step towards our mission of building a competitive and robust football ecosystem in the country." Shree Cement, a cement behemoth with its corporate headquarters in Kolkata, is said to have acquired a 76 percent of the stake in East Bengal as part of the agreement. We will handle everything well,” Bangur said. But then, things changed dramatically for the club. We will definitely play this season,” Bangur said. Owner and managing director of Shree Cement, Hari Mohan Bangur, who has acquired a majority stake in the club, gave full credit to the state chief minister for the last-minute inclusion of East Bengal. "We have our squad ready. Mamata ji's words carry a lot of weight and we did not look back (in forming a venture with EB)." Having failed to win an I-League title by finishing runners-up for a second year in a row, East Bengal got the biggest jolt when their former investor Quess Corporation, who had a majority stake of 70 per cent, announced its decision to end the joint-venture, one-year before their tenure. The yet-to-be-christened consortium of East Bengal and Shree Cement, who holds a 76 per cent stake, becomes the 11th team to enter the ISL. The objective is to return the glorious past of the club,” Bangur said. In the current scenario, the matches will be closed-door affairs, but the inclusion of the Big Two of Indian football will still take the league to another level. Want to know more about working here? We are toying with other ideas." Indrani Supratim and Akaash Paul during Ek Mulakat — an initiative by Prabha Khaitan Foundation, in association with Shree Cement, Tollygunge Club and Calcutta Times. “Fans of East Bengal must note that we will bring back the glory of East Bengal. We will make the announcement by September 30," Bangur said. Photos. Ultimately our objectives are the same. ). Advisor of Shree Cement, Srenik Sett, who is likely to be one of the key members of the Board, said they cannot have East Bengal prefixed by Shree Cement Limited as per the guidelines. Shares of Ramco Cements, Dalmia Bharat, Deccan Cements, UltraTech Cement, India Cements, JK Cement, Ambuja Cement, Shree Cement, ACC, JK Lakshmi Cement, and … The owner and managing director of Shree Cement Limited, who has acquired a majority stake of 76 per cent, further revealed that the team will be known as SC East Bengal as they along with Mohun Bagan make it a 11-team ISL. “It could be Sporting Club East Bengal or Shree Cement East Bengal as per your interpretation. Sport will not go forward unless you have big money. The owner and managing director of Shree Cement Limited, who has acquired a majority stake of 76 … “We have not thought about the name yet but East Bengal will be very much part of the name and figure prominently. “We will bring all competent people. Will keep East Bengal's legacy intact and bring back glory days: Shree Cement owner 03 Sep, 2020 Kolkata, Sep 3 (PTI) East Bengal will figure prominently in the new name and its jersey colour won't be tinkered with, owner of Shree Cement Hari Mohan Bangur, who has acquired a majority stake in the iconic club, said on Thursday. I hope it continues perpetually.”   -  Nagara Gopal. “All sports want money and professionalism. Dealers Meet. UltraTech Cement, Dalmia Cement and Shree Cement did not respond to e-mailed requests for comment by press time Thursday. Kolkata-based Shree Cement, which has a turnover of over Rs 12,000 crore, on Wednesday signed a letter of intent to buy a 76 per cent stake in East Bengal, paving the way for the century-old club’s entry into the top-tier Indian Super League. Sarkar, who had all along maintained that East Bengal would play in the ISL this season, thanked Banerjee for her support in realising the deal. To continue enjoying Sportstar, you can turn off your adblocker or subscribe to Sportstar Plus. The 2020–21 season is the 101st season of Sporting Club East Bengal. Free Trial users will have exclusive access to the following: East Bengal gets new investor to brighten ISL chances, ISL needs East Bengal, says Bhaichung Bhutia, Bhutia excited for East Bengal's new era and possible ISL move, Bishan Singh Bedi reminds DDCA to remove his name from Kotla stand, Suryakumar Yadav to lead Mumbai in Syed Mushtaq Ali Trophy, Mulder three-for keeps South Africa in hunt against Sri Lanka, Premier League: Out-of-form Arsenal stuns Chelsea with 3-1 win, Premier League: Southampton held by Fulham, Villa crushes Palace, Premier League, Arsenal vs Chelsea highlights: Arsenal beats Chelsea 3-1, ISL 2020-21: Steinmann brace earns SC East Bengal draw with Chennaiyin, ISL 2020-21 Talking Points: Chhangte finally scores, Steinmann seizes the day, ISL 2020-21 Preview: Kerala Blasters looking for first win against Hyderabad FC, ISL 2020-21 highlights, SC East Bengal vs Chennaiyin FC: Steinmann double makes it SC East Bengal 2-2 Chennaiyin. Shree Cement and East Bengal will become good partners.”, Talking about their association with sports, he said: “We have been associated with bridge for a long time and have organised many tournaments at state and national level. "It's not possible with Shree Cement being a corporate group. The consortium will expand the Board, which will have eight directors from Shree Cement and two from East Bengal. Latest Shree Cement Ltd News and Updates, Special Reports, Videos & Photos of Shree Cement Ltd on The Hindu BusinessLine. “All major decisions will be taken by the company which will have representatives from both parties and major decisions will be taken by the Board on rationality basis,” he concluded. "I know we have too little time, we are starting with a handicap. Sett said the priority is to prune the squad so that they can travel to Goa and enter the bio-secure bubble. Owner and managing director of Shree Cement, Hari Mohan Bangur, who has acquired a majority stake in the club, gave full credit to the state chief minister for the last-minute inclusion of East Bengal. “Let’s not get into the details of the history of how the deal was materialised. Like any growing venture, Shree Cement also had its share of tough time. Photogallery. Definitely we are very, very excited. Robbie Fowler File Photo. On Monday, news reports suggested that legendary Liverpool footballer Robbie Fowler had been roped on to manage East Bengal in their first season in the Indian Super League. We want to give recognition to everything.”. If at all we have to give credit, it's her," Bangur told PTI from Dubai. “The club has given us football and many other rights. Bangur, however, was confident of making up for the lost time and said they would announce the coach and full squad by September 30. East Bengal thus followed in the footsteps of arch-rivals Mohun Bagan, who were the first to join the top-tier league this season, after merging with three-time defending champions ATK. Shree Cement Q2 results: Net profit rises 68% to Rs 528 crore . We will prune it to 18-20 members so that they can travel to Goa at the earliest," Sett said. 19 talking about this. (Photo: Pratik Banerjee) Will keep East Bengal’s legacy intact and bring back glory days, says Shree Cement owner East Bengal will figure prominently in the new name and its jersey colour won’t be tinkered with, owner of Shree Cement Hari Mohan Bangur, said. Shown in this photo: D type lift footing With the chief coach yet to be named, the squad is likely to head to Goa where they will train under assistant coach, Francisco Bruto Da Costa. Then we will talk about it. And for us, we thought this was an opportunity to become a long-term investor and serve Indian football.”. 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