Shree Cement to invest Rs 4,750 cr in three projects in Rajasthan

16 Sep 2021 CW Team

Cement manufacturing major Shree Cement will invest Rs 4,750 crore in three projects, including Rs 3,500 crore in Nawalgarh Tehsil, Rajasthan to build an integrated cement plant.

The company announced in a filing that its board of directors has approved the construction of an integrated cement plant in the village of Gothra, as well as solar power plants at various locations, to meet captive requirements.

The plant will be able to produce clinker at a rate of 3.8 mtpa and cement at a rate of up to 3.5 mtpa. Shree Cement said in a regulatory filing that the plant will be ready by the quarter ending March 2024.

It is estimated that the project will cost around Rs 3,500 crore to complete. Internal accruals and debt will be used to finance the project.

The board approved investments of Rs 500 crore to line up solar energy plants at its cement plants across the country and Rs 750 crore to set up a clinker grinding unit in Purulia district, West Bengal by its wholly-owned subsidiary Shree Cement East Private Limited (SCEPL).

Solar energy plants with capacities of up to 106 megawatts (MW) will meet the captive power needs of their cement plants across the country. By the third quarter of 2022, the project should be completed.

Shree Cement will primarily fund this through an equity contribution. It was also stated that the project would be completed by the end of the March 2023 quarter.

Cement demand-supply in West Bengal appears to be favourable, making an investment in cement plants in West Bengal a viable proposition, it added.

The current cement capacity of the company is 43.40 mtpa. The utilisation rate was 67% in 2020-21. An increase in net revenue from operations of 46.17% in Q1 June 2021 boosted the company's net profit by 90.98%, from Rs 630.99 crore in Q1 June 2020 to Rs 630.89 crore in Q1 June 2021 (Q1 FY21).

Shree Cement also has a 752 MW installed power generation capacity, which includes waste heat recovery, solar power, and wind power, among other things.

Image Source

Also read: Ambuja Cements begins trial run at Marwar Cement plant in Rajasthan

Cement manufacturing major Shree Cement will invest Rs 4,750 crore in three projects, including Rs 3,500 crore in Nawalgarh Tehsil, Rajasthan to build an integrated cement plant. The company announced in a filing that its board of directors has approved the construction of an integrated cement plant in the village of Gothra, as well as solar power plants at various locations, to meet captive requirements. The plant will be able to produce clinker at a rate of 3.8 mtpa and cement at a rate of up to 3.5 mtpa. Shree Cement said in a regulatory filing that the plant will be ready by the quarter ending March 2024. It is estimated that the project will cost around Rs 3,500 crore to complete. Internal accruals and debt will be used to finance the project. The board approved investments of Rs 500 crore to line up solar energy plants at its cement plants across the country and Rs 750 crore to set up a clinker grinding unit in Purulia district, West Bengal by its wholly-owned subsidiary Shree Cement East Private Limited (SCEPL). Solar energy plants with capacities of up to 106 megawatts (MW) will meet the captive power needs of their cement plants across the country. By the third quarter of 2022, the project should be completed. Shree Cement will primarily fund this through an equity contribution. It was also stated that the project would be completed by the end of the March 2023 quarter. Cement demand-supply in West Bengal appears to be favourable, making an investment in cement plants in West Bengal a viable proposition, it added. The current cement capacity of the company is 43.40 mtpa. The utilisation rate was 67% in 2020-21. An increase in net revenue from operations of 46.17% in Q1 June 2021 boosted the company's net profit by 90.98%, from Rs 630.99 crore in Q1 June 2020 to Rs 630.89 crore in Q1 June 2021 (Q1 FY21). Shree Cement also has a 752 MW installed power generation capacity, which includes waste heat recovery, solar power, and wind power, among other things. Image Source Also read: Ambuja Cements begins trial run at Marwar Cement plant in Rajasthan

Infrastructure Urban

05 Nov 2025

TBO Tek Q2 Profit Climbs 12%, Revenue Surges 26% YoY

TBO Tek Limited one of the world’s largest travel distribution platforms, reported a solid performance for Q2 FY26 with a 26 per cent year-on-year increase in revenue to Rs 5.68 billion, reflecting broad-based growth and improving profitability.The company recorded a Gross Transaction Value (GTV) of Rs 8,901 crore, up 12 per cent YoY, driven by strong performance across Europe, MEA, and APAC regions. Adjusted EBITDA before acquisition-related costs stood at Rs 1.04 billion, up 16 per cent YoY, translating into an 18.32 per cent margin compared to 16.56 per cent in Q1 FY26. Profit after tax r..

Infrastructure Energy

05 Nov 2025

Northern Graphite, Rain Carbon Secure R&D Grant for Greener Battery Materials

Northern Graphite Corporation and Rain Carbon Canada Inc, a subsidiary of Rain Carbon Inc, have jointly received up to C$860,000 (€530,000) in funding under the Canada–Germany Collaborative Industrial Research and Development Programme to develop sustainable battery anode materials.The two-year, C$2.2 million project aims to transform natural graphite processing by-products into high-performance, battery-grade anode material (BAM). Supported by the National Research Council of Canada Industrial Research Assistance Programme (NRC IRAP) and Germany’s Federal Ministry for Economic Affairs a..

Infrastructure Urban

05 Nov 2025

Antony Waste Q2 Revenue Jumps 16%; Subsidiary Wins Rs 3,200 Cr WtE Projects

Antony Waste Handling Cell Limited (AWHCL), a leading player in India’s municipal solid waste management sector, announced a 16 per cent year-on-year increase in total operating revenue to Rs 2.33 billion for Q2 FY26. The growth was driven by higher waste volumes, escalated contracts, and strong operational execution.EBITDA rose 18 per cent to Rs 570 million, with margins steady at 21.6 per cent, while profit after tax stood at Rs 173 million, up 13 per cent YoY. Revenue from Municipal Solid Waste Collection and Transportation (MSW C&T) reached Rs 1.605 billion, and MSW Processing re..