Shree Cement plans Rs 60 billion investment for capacity boost

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