Shree Cement to begin work on its Rs 600 cr project in West Bengal
Cement

Shree Cement to begin work on its Rs 600 cr project in West Bengal

Shree Cement, a subsidiary of the BG-HM Bangur group, is set to start work on its proposed project in Bengal within a month. The group plans to invest more than Rs 600 crore in the cement grinding unit.

This will be the company's first production facility in the state where it is headquartered. Shree Cement's MD, H M Bangur, told the media that West Bengal is now ready for large investments. In a webinar hosted by the Calcutta Chamber of Commerce, Bangur was going to speak with WBIDC chairman Rajiva Sinha.

Shree Cement's joint MD, Prashant Bangur, told the media that the cement grinding unit would cost more than Rs 600 crore. The project's capacity would be 3 million tonnes (mt). For the cement project, it has purchased 80 acres. Bangur continued, Direct employment would be 150, while indirect employment would be over 1,000.

Shree Cement's current capacity is 44 million tonnes (mt), and this would increase it to 47 million tonnes. Only Ultratech and Holcim can match this capacity. H M Bangur first announced the project during the Bengal Global Business Summit in 2021.

H M Bangur said earlier in the webinar that he is now a big fan of Bengal. The state's growth outpaces the national average, and public perception has shifted in the last year. No man-days have been lost in the last ten years, and the work culture has improved as well.

Bangur also suggested that the state government consider reducing the number of incentives currently available, but instead provide incentives to businesses upfront. WBIDC chairman Rajiva Sinha told the media that the organisation has begun gathering data on the presence of large corporations in the state.

Image Source


Also read: Shree Cement Pune plant: Commissioning delayed due to Covid-19

Shree Cement, a subsidiary of the BG-HM Bangur group, is set to start work on its proposed project in Bengal within a month. The group plans to invest more than Rs 600 crore in the cement grinding unit. This will be the company's first production facility in the state where it is headquartered. Shree Cement's MD, H M Bangur, told the media that West Bengal is now ready for large investments. In a webinar hosted by the Calcutta Chamber of Commerce, Bangur was going to speak with WBIDC chairman Rajiva Sinha. Shree Cement's joint MD, Prashant Bangur, told the media that the cement grinding unit would cost more than Rs 600 crore. The project's capacity would be 3 million tonnes (mt). For the cement project, it has purchased 80 acres. Bangur continued, Direct employment would be 150, while indirect employment would be over 1,000. Shree Cement's current capacity is 44 million tonnes (mt), and this would increase it to 47 million tonnes. Only Ultratech and Holcim can match this capacity. H M Bangur first announced the project during the Bengal Global Business Summit in 2021. H M Bangur said earlier in the webinar that he is now a big fan of Bengal. The state's growth outpaces the national average, and public perception has shifted in the last year. No man-days have been lost in the last ten years, and the work culture has improved as well. Bangur also suggested that the state government consider reducing the number of incentives currently available, but instead provide incentives to businesses upfront. WBIDC chairman Rajiva Sinha told the media that the organisation has begun gathering data on the presence of large corporations in the state. Image Source Also read: Shree Cement Pune plant: Commissioning delayed due to Covid-19

Related Stories

Gold Stories

Next Story
Infrastructure Urban

Sabarmati Riverfront Two Plots Up for Auction at Rs2.24 bn Base Price

Two commercial plots on the western bank of the Sabarmati Riverfront will be auctioned with a base price of Rs 112 crore each, equivalent to Rs 1.12 bn apiece and Rs 2.24 billion in total. The parcels are located adjacent to the Metro Rail Bridge in Ahmedabad and form the first commercial offering after a prolonged pause. The Riverfront Development Corporation has framed the sale as part of a phased commercial release to revive development along the riverfront. The combined base valuation has been set by the corporation to reflect market rates along the riverfront. The corporation has fixed a ..

Next Story
Infrastructure Urban

Andhra Pradesh to Connect Over One Million Streetlights

Andhra Pradesh will undertake a statewide smart streetlighting programme across all 123 Urban Local Bodies (ULBs), bringing around 1.05 million (mn) streetlights under an AI enabled monitoring and management system. The programme will be implemented by Energy Efficiency Services Limited (EESL) with the Commissioner and Director of Municipal Administration under the state Municipal Administration and Urban Development Department. The project aims to convert conventional streetlighting into a digitally managed municipal service monitored and maintained remotely. The initial phase will cover abou..

Next Story
Infrastructure Urban

AMC To Procure Four Machines For Guard Rail Cleaning

Ahmedabad Municipal Corporation will introduce four specialised machines for cleaning guard railings along major roads and the central verges of BRTS and Metro corridors. The civic body plans to replace manual labour with mechanised cleaning to improve maintenance of road infrastructure and greenery. The purchase is estimated at Rs 82.8 million (mn), excluding GST. The proposal sets the base price of each machine at about Rs 20.7 million (mn) so four units total Rs 82.8 million (mn) before GST. 18 per cent GST will be applicable separately. During the warranty period each machine will operate ..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement