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

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

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

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

Next Story
Products

TOTO India Launches Premium G & L Showers with Sleek Faucet Range

TOTO India has launched its G Shower and L Shower series, alongside an expanded range of GT, LH, and Pull-Out lavatory faucets. The collection blends advanced technology, refined aesthetics, and everyday comfort, staying true to TOTO’s philosophy of creating spaces that are both beautiful and functional. The G Shower series delivers the 3Rs of showering: Relaxing, Refreshing, and Revitalizing. Features include the Calming Shawl spray mode, Warm Spa technology, and multiple overhead and hand-shower options across eight finishes. The L Shower complements this with easy-to-use controls sui..

Next Story
Infrastructure Energy

Hero Future Energies Secures Funding for 120 MW Hybrid Project

Hero Future Energies (HFE), through its SPV Clean Renewable Energy Hybrid Three, has secured Rs 19.08 billion in funding from the State Bank of India (lead) and Canara Bank. The funds will be used to develop and construct HFE’s 120 MW renewable energy hybrid project at Kurnool, Andhra Pradesh. The project, contracted with SJVN, integrates wind, solar, and storage technologies to deliver reliable peak power. With a 21-year repayment period, the funding ensures timely execution and the commencement of commercial operations. The financial closure demonstrates continued lender confidence in..

Next Story
Infrastructure Energy

IOC GPS Renewables Raises Rs 8.36 billion Debt for Compressed Biogas Plants

IOC GPS Renewables Private Limited (IGRPL), a joint venture between IndianOil Corporation  and GPS Renewables, has raised Rs 8.36 billion (approx. US$ 95 million) in debt financing from Indian Bank to execute nine Compressed Biogas (CBG) projects across India.   The funding is the largest single-bank debt raise in the CBG sector and the first fully non-recourse financing in India for these projects. The plants—four in Haryana, three in Uttar Pradesh, one each in Chhattisgarh and Andhra Pradesh—will each produce 15 tonnes of CBG per day using paddy straw as feedstock. All nin..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?