Shree Cement Partners with RITES to Enhance Rail Infrastructure

02 Jun 2025 CW Team

Shree Cement has entered into a five-year Memorandum of Understanding (MoU) with RITES, a public sector enterprise under the Ministry of Railways, to enhance the cement company's rail infrastructure network. This partnership aims to facilitate efficient and sustainable transportation of raw materials and finished products across Shree Cement’s manufacturing units.

According to the agreement, RITES will offer comprehensive services from the initial concept stage through to commissioning, focusing on upgrading, renovating, and establishing new rail connectivity. The company also noted that the agreement can be extended with mutual consent.

Neeraj Akhoury, Managing Director of Shree Cement, highlighted the importance of strengthening logistics and supply chain infrastructure as the company expands its manufacturing footprint across India. He described the collaboration with RITES as a strategic move toward creating a more efficient, cost-effective, and sustainable transportation system that supports growth while minimizing environmental impact. However, he did not disclose the number of projects planned under the MoU.

RITES will additionally assist Shree Cement in obtaining the necessary approvals from the Ministry of Railways and other relevant authorities for civil works, signaling and telecommunications, overhead electrification, and mechanical engineering components. The company will also support the contractor selection process by evaluating and certifying the eligibility of executing agencies during tendering.

Deepak Tripathi, Director Technical & Projects (Additional Charge) at RITES, expressed confidence in the company’s ability to deliver integrated and future-ready rail and transport engineering solutions that align with the shared business objectives of both organizations.

Real Estate

07 Jul 2026

SNN Estates Expands North Bengaluru Housing Project

SNN Estates has announced an expansion of its SNN Estates Felicity residential project in North Bengaluru following strong buyer demand, with 75 per cent of the first-phase inventory sold within three days of launch.The developer will add 76 apartments in the new phase, taking the project's estimated revenue potential to around Rs 1,000 crore upon completion of Phase 2.Spread across 6.5 acres in Rachenahalli, near Manyata Tech Park, the project comprises 604 apartments in 1.5, 2, 2.5, 3 and 4 BHK configurations. The development includes a 50,000-sq-ft clubhouse with amenities such as sports co..

SCG Drives ASEAN Industrial Transformation Strategy

SCG is strengthening its focus on ASEAN as a key growth region by advancing industrial transformation, enhancing competitiveness and building resilient regional value chains. Thammasak Sethaudom, President and Chief Executive Officer, SCG, highlighted the need for industries to continuously develop capabilities, strengthen resilience and deepen regional cooperation to achieve sustainable long-term growth.SCG views ASEAN as an important growth engine alongside China, supported by favourable demographics, trade connectivity and investment flows. With ASEAN’s GDP projected to grow by around 4.7..

EUROBOND Expands NABL Accreditation to 51 Testing Parameters

EUROBOND, the flagship brand of Euro Panel Products, has expanded the National Accreditation Board for Testing and Calibration Laboratories (NABL) accreditation of its in-house laboratory from 16 to 51 mechanical and chemical testing parameters, making it the only Indian aluminium composite panel (ACP) manufacturer with accreditation covering such an extensive testing scope.The expanded accreditation enables the company to independently test coils, coatings, cores, aluminium composite panels (ACP) and metal composite panels (MCP) in accordance with international standards, including IS, ASTM, ..