preview

Human Health And On The Eco System

Decent Essays
Open Document

As an aggressively growing economy, India faces a lot of in order to meet the resource, water and energy needs. As the economy grows so does the need for energy. Energy consumption in India is increasing at an annual rate of 4% whereas the economic growth of the country has been around 8% annually over the past five years. Though historically India enjoyed excess water reserves, these resources have now become scarce because of overexploitation and uncontrolled population growth and this increasing population will continue to be a pressure in the future on India’s resources. The cement industry has a high impact on the environment, it uses large quantities of water, energy and contributes close to 5% of the global carbon dioxide emissions. …show more content…

All these brands together enjoy the largest market share in North Indian states like Delhi, Haryana, Rajastan and Punjab. Like every other growing company, Shree Cement also had its tough time in the market. In the year 1997 while in the growing stage, the company had expanded it production capacity from 1.2 million tonnes to 1.8 million tonnes and this capital intensive expansion had eaten into the cash reserves of the company so badly that this company which had always been debt free was forced to take a loan from a bank at high interest rates.

PRACTICES AT SHREE CEMENT
While it took time for Shree Cement to get back to normalcy, the company soon realised that cutting costs and making its process sustainable was the only way forward for Shree Cement to keep growing organically. While it took some time for the market to get better, the company was taking a chance when it considered the idea of using petroleum coke (petcoke) as fuel instead of coal. This implied that the company had to use less coal and this was at a time when coal as fuel accounted for 70 per cent of the cement production cost. Petcoke was new in the market and was only tested by some of the cement manufacturing companies in Europe and also it was 40 per cent cheaper than coal. After a few initial failed attempts with petcoke as substitute, Shree Cement eventually succeeded and became the first Indian cement manufacturer to

Get Access