Shree Cement is planning to invest Rs 2,200 crore on capex in FY15. The company will set up Rs 1,700 crore Chhattisgarh unit, which will be starting operation by April 2015. Moreover, the company’s Bihar Grinding unit is expected to start operations in three months.
Further, the company is planning to increase its total capacity to 20 mtpa by April 2015. The company’s current total capacity stood at 16.5 mtpa.
Shree Cement (SCL), belonging to B G Bangur - H M Bangur faction of Bangur family of Kolkata, is engaged in manufacturing of cement and power generation. SCL’s eight cement plants in Rajasthan and one grinding unit in Uttrakhand have an aggregate capacity of 13.5 mn tonnes p.a. (PPC; OPC capacity -9 mn tonnes p.a.).
