Cement Update

Land problems halt Shree Cement’s expansion

Land problems halt Shree Cement’s expansion

December 2009

Shree Cement, which obtained limestone mining licence in Rajasthan, Karnataka and Chhattisgarh, said the land acquisition is proving to be a problem and the process may take up to another three years.

Currently with a capacity of 9.5 mn tonne (mt) per annum, Shree Cement is undergoing expansion worth Rs 450 crore to add another 2 mt by June 2010. However, the entire capacity is located in Rajasthan.

The company is trying to move into other parts of the country, as high concentration of capacity in one region may prove risky, due to the price differentiation of cement in various parts of the country.

Contact: Shree Cement. Tel: 01462-228 101. Fax: 01462-228 117. E-mail: sclbwr@shreecementltd.com

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