Shree Cement to set up Rs 1,500 cr greenfield cement factory in Guntur

27 Dec 2021 CW Team

Shree Cement’s managing director HM Bangur and Joint MD Prashant Bangur along with a delegation called on Chief Minister YS Jagan Mohan Reddy in the latter’s camp office at Tadepalli and plans to set up a greenfield cement plant in Guntur district worth Rs 1,500 crore.

Shree Cement’s Joint MD Prashant Bangur has promised to conclude the project in two years. The company has cement production and allied sector facilities in nine States, and this will be its first facility in Andhra Pradesh.

Discussions were conducted on installing the cement facility at Pedagarlapadu village in Dachepalli Mandal of Guntur district.

The Chief Minister told the media that Andhra Pradesh is the best destination for investments and explained the incentives being provided to the Industries sector in the state.

Speaking on the occasion, the Shree Cement MD said that the Chief Minister has been operating wholeheartedly to enhance the position of the state. The Chief Minister was working as a Chief Executive Officer (CEO) of a firm.

He said that they were aiming to set up the cement facility in AP as the development rate of the state is higher than the national growth rate, and it will enhance more. JMD Prasanth Bangur said that installing a large cement facility would employ many people, directly and indirectly, thereby ensuring the area's development.

Image Source

Real Estate

05 Sep 2025

Vitizen Hotels Signs Deal at Manyata Tech Park

Vikram Kamats Hospitality, as part of its ongoing expansion in key metropolitan markets, announced that its material subsidiary, Vitizen Hotels, has signed a long-term lease agreement for a 45-key hotel property at Manyata Tech Park, Bengaluru.Strategically located in the city’s prominent IT hub, the property is well-positioned to serve corporate travelers, business professionals, and long-stay guests. The addition aligns with the company’s asset-light growth model, leveraging long-term leases to expand its footprint in high-demand urban markets.The hotel is expected to strengthen the comp..

CONCOR Signs MoU with BPIPL to Operate Container Terminal at Bhavnagar Port

Container Corporation of India (CONCOR) has signed a Memorandum of Understanding (MoU) with Bhavnagar Port Infrastructure (BPIPL) on September 4, 2025, in New Delhi to operate and maintain the upcoming container terminal at the northside of Bhavnagar Port, Gujarat.BPIPL had earlier entered into an agreement with the Gujarat Maritime Board (GMB) in September 2024 for the port’s development. Under this arrangement, 235 hectares of land has been leased to BPIPL for 30 years, with provision for expansion by an additional 250 hectares.The new terminal is expected to significantly enhance logistic..

Concord Launches India’s First Indigenous Zero-Emission Rail Propulsion

Concord Control Systems (CCSL), a leader in embedded electronics and critical rail technologies, has announced the development of India’s first fully indigenous zero-emission propulsion system, marking a significant step toward the country’s railway electrification and net-zero goals for 2030.Powered by Lithium Iron Phosphate (LFP) batteries and featuring a DC chopper-based drive, the propulsion system eliminates idling losses common in diesel engines, offering higher efficiency, lower costs, and zero emissions.What sets this innovation apart is its completely indigenous design. Except for..