Shree Cement eyes western India market

Shree Cement is planning to step into the West Indian market in the next six months, with a 2.5 million tonne per annum (mtpa) grinding unit near Pune.

Shree Cement is second largest company in the segment. Its Managing Director H M Bangur told Business Standard: “It will be our maiden entry into Maharashtra and cater to demand for the western part of the state.”

According to a BS report, investment in the plant, spread across 65.7 acres, is Rs 625 crore. It doesn’t have linkages to limestone reserves and is getting this from a Shree unit near Kodla village in Karnataka.

The idea is to initially sell in the Pune-Ahmednagar-Navi Mumbai-Aurangabad area. Bangur added: “We will see how it works in the next two-three years and then only will get to know if we have set up a capacity the market can absorb.”

Image Credit : www.indiainfoline.com

Research Desk

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