Shree Cement begins commercial production at Baloda Bazar facility

On Monday, the cement major Shree Cement told the media that it began commercial production at the firm's clinkerisation unit (kiln-3) at Baloda Bazar, near Raipur in Chhattisgarh.

The plant has a production capacity of 12,000 tons per day (4.0 million tons per annum).

Earlier on 16 March, the firm declared that it started a trial run of its new clinkerisation plant. The clinkerisation unit shall boost the firm's clinker supply to its various grinding units in the Eastern region.

Shree Cement is one of India's leading three cement producers. Its portfolio of products comprises Shree Jung Rodhak Cement, Bangur Cement, Roofon and Rockstrong Cement.

The Kolkata headquartered firm recorded a 23.6% decrease in consolidated net profit to Rs 482.70 crore in Q3 FY22 from Rs 631.58 crore posted in Q3 FY21. Net sales increased 2.2% to Rs 3,637.11 crore in Q3 FY22 over Q3 FY21.

Shree Cement shares were trading at 0.7% lower to Rs 23,100 on Bombay Stock Exchange (BSE).

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Also read: Shree Cement net profit declines 23.6% to Rs 482 cr in Q3 FY22