Shree Cement to set up plants in Jharkhand, Odisha at Rs 10 billion

Shree Cement has decided to set up two grinding units – one each in Jharkhand and Odisha – in the next one year, with an investment of Rs 10 billion.

The Kolkata-based company has taken this decision with an eye on enhancing presence in east India.

“Within the next one year we are putting up two grinding units in east India. Roughly Rs 10 billion will be the capital expenditure,” Shree Cement Managing Director HM Bangur was quoted as saying by PTI.

“The first one will come up in Jharkhand and the second in Odisha. They will be supported by our unit in Chhattisgarh, the mother clinkerisation unit,” he added.

The company which has a total production capacity of around 40 million tonnes per annum is looking to grow it by 10 per cent growth every year by adding around 4 million tonnes per year.

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