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

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

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

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

Related Stories

Gold Stories

Next Story
Products

Interio by Godrej launches modular workplace solutions

Interio by Godrej has launched Workscapes, a modular workplace solutions category designed to help organisations configure and adapt workspaces to changing requirements. The portfolio combines mobile and compatible furniture and support elements that can be rearranged across different work modes without changes to fixed layouts.Workscapes includes Collaboration Tables, Privacy Solutions, Mobile Markerboards and Space Dividers, Power Solutions, Storage and Support Elements, Meeting and Presentation Tools, and Seating Elements. The range is designed for focused work, collaboration, informal disc..

Next Story
Infrastructure Urban

CAFE-III Gives Auto Industry Investment Clarity

The government’s new Corporate Average Fuel Economy (CAFE-III) norms have provided the automobile industry with a clearer framework for technology investments, according to industry representatives. The framework seeks to balance environmental objectives with flexibility for manufacturers while encouraging the adoption of flex-fuel vehicles and biofuels. Society of Indian Automobile Manufacturers (SIAM) President Shenu Agarwal said the five-year framework would give automakers greater predictability to plan investments and accelerate innovation. He said the regulation established annual targ..

Next Story
Infrastructure Energy

Mines Ministry to Auction Two Offshore Mineral Blocks in Andaman Sea

The Ministry of Mines will launch an auction of two offshore mineral blocks in the Andaman Sea on Thursday, seeking to unlock India’s offshore mineral potential and strengthen long-term mineral resource security. The blocks will be offered under a composite licence, which permits exploration and development activities in accordance with the applicable regulatory framework. The ministry said the auction was intended to encourage systematic exploration, attract investment and promote the use of advanced technologies for offshore mineral exploration and development. The initiative is also aimed..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code