Shree Cement plans Rs 60 billion investment for capacity boost

22 Jun 2023 CW Team

Shree Cement has announced its plans to expand its production capacity and establish a new grinding facility in Bengal. The company aims to achieve a production capacity of 80 million tonne (MT) by 2030. It has decided to undertake four projects, which collectively add up to 10.5 MT of cement capacity. The investments required for these projects are estimated to be around Rs 55 to 60 billion.

The new plants will be located in Uttar Pradesh, Punjab, Karnataka, and one in Bengal near the Sankrail-Kolaghat area. Shree Cement has already applied for government clearances for acquiring land in these locations. As soon as the approvals are received, the company will begin the construction work.

These four upcoming units will be in addition to the three plants that the cement giant, headquartered in Calcutta, is currently building. These additional units will be situated in Purulia (Bengal), Nawalgarh (Rajasthan), and Guntur (Andhra Pradesh).

Upon completion of these projects, Shree Cement's overall capacity will increase from the existing 46.4 MT to 55.9 MT. The Purulia plant in West Bengal, which includes a three MT grinding unit, is expected to be completed within the next 10 days.

This expansion will enable the company to have a total grinding capacity of 5.5 MT.

Also read:
Shree Cement expanding manufacturing capacity
Kamdhenu Paints aims four-fold revenue growth, targets Rs 10 bn by 2028

Infrastructure Energy

09 Jan 2026

Rajesh Power Secures 65 MW BESS Project in Gujarat

Rajesh Power Services has recently secured a 65 MW / 130 MWh standalone Battery Energy Storage System (BESS) project in Gujarat, marking its entry into utility-scale energy storage. The company received a Letter of Intent from Gujarat Urja Vikas Nigam for the project, which will be developed at Virpore under a tariff-based competitive bidding mechanism supported by Viability Gap Funding through the Power System Development Fund.The project is expected to be executed within 18 months from the signing of the Battery Energy Storage Purchase Agreement. With the ability to supply 65 MW of power for..

ONGC Forms JV with MOL for Ethane Shipping Operations

Oil and Natural Gas Corporation (Oil and Natural Gas Corporation) has recently entered the ethane shipping segment through joint venture agreements with M/s Mitsui O.S.K. Lines Ltd (Mitsui O.S.K. Lines), Japan. The agreements involve equity participation in two joint venture entities—Bharat Ethane One IFSC Private Limited and Bharat Ethane Two IFSC Private Limited—registered at GIFT City, Gandhinagar.Under the arrangement, ONGC will subscribe to 2,00,000 equity shares of Rs 100 each in both entities, resulting in a 50 per cent equity holding in each joint venture, with the remaining stake ..

Waaree Energy Storage Raises Rs 10.03 Billio for 20 GWh Plant

Waaree Energy Storage Solutions Private, a subsidiary of Waaree Energies, has recently completed a strategic fund raise of around Rs 10.03 billion from a group of strategic investors, including family offices, high-net-worth individuals and institutional backers. The funding strengthens the company’s position in India’s rapidly expanding energy storage ecosystem.The capital raise forms part of an announced capital expenditure programme of nearly Rs 100 billion for setting up a 20 GWh advanced lithium-ion cell and battery pack manufacturing facility. The plant will manufacture high-performa..