Shree Cement’s 80 mt capacity expansion plans by 2030 on track

20 Sep 2021 CW Team

Shree Cement plans to build an integrated cement plant in Rajasthan, a grinding unit in West Bengal, and several solar power plants across the country.

The company's capital expenditures are in line with its goal of reaching an annual capacity of 80 million tonnes per annum (mtpa) by 2030.

Shree Cement's MD, HM Bangur, told the media that the company is spending between Rs 4,500 crore and Rs 5,000 crore to bring the three projects online Rs 500 crore for the power plant, Rs 750 crore for the grinding unit in West Bengal, and the rest for the integrated unit in Rajasthan's Nawalgarh.

Bangur said that the Rajasthan unit is a greenfield project with a lot of overburden to remove before the limestone can be extracted. While the West Bengal unit is expected to be completed in less than two years, the work on the solar power plant to reduce costs is expected to be completed in less than a year.

Shree Cement currently has an 8,000 crore cash balance.

Bangur believes that the cost pressure on cement is so great that no one can afford it at the current price. On the other hand, Bangur informed that cement prices will rise regardless of demand, or the business will fail.

Shree Cement is an Indian cement company that was founded in 1979 in Beawar, Rajasthan. It is now headquartered in Kolkata and is one of Northern India's largest cement producers. Shree Power and Shree Mega Power are two other brands of power that it produces and sells.

Image Source

Also read: Shree Cement to begin work on its Rs 600 cr project in West Bengal

Resources

13 May 2026

Anant Raj Appoints Anish Sarin as Director

Anant Raj has appointed Anish Sarin as Director on its Board, marking a key step in the company’s leadership transition and long-term growth strategy. The announcement was made during the company’s Q4 and FY26 results declaration, reflecting the induction of next-generation leadership as the company expands across real estate, cloud infrastructure and data centre businesses. Anish Sarin, grandson of veteran industrialist Ashok Sarin, represents the emerging leadership at Anant Raj. Educated at Regent’s University London, he brings a global business outlook along with a strong focus on t..

Vedanta eyes AI-led value growth

Vedanta Group expects to unlock USD 300–400 million in additional value over the next three years through large-scale deployment of AI-led industrial technologies across its businesses. The group said its V-Spark DeepTech Ventures platform has already delivered nearly four times return on investment since inception.Vedanta is scaling AI, predictive analytics, Industrial Internet of Things, digital twins, machine learning, automation and connected manufacturing technologies across its metals, mining, energy and industrial operations. These deployments are aimed at improving productivity, lowe..

Hindustan Zinc inks pact with Group Nirmal

Hindustan Zinc has signed an MoU with Group Nirmal to set up a zinc wire manufacturing facility at its Zinc Industrial Park in Khankhala, Bhilwara district, Rajasthan. The partnership will expand downstream manufacturing activity and support value-added zinc applications in India.Under the agreement, Group Nirmal will manufacture zinc wire products using Hindustan Zinc’s Special High Grade zinc. The products will cater to infrastructure, renewable energy, automotive and industrial engineering sectors.Zinc wire is used in thermal spray coating and metallising processes to protect steel struct..