Shree Cement completes acquisition of 1.5 MTPA Cement Grinding Unit

29 Apr 2015

Shree Cement has completed the acquisition of 1.5 MTPA Cement Grinding Unit located at Panipat in Haryana from Jaiprakash Associates on April 27, 2015, at a consideration of Rs 358.22 crore. The company had entered into a Business Transaction Agreement (BTA) with Jaiprakash Associates for the same on September 19, 2014.

Shree Cement the leading cement manufacturing in North India was incorporated in the year 1978. It has more than trebled its cement capacity in the last 5 years to reach a present cement capacity of 13.5 million tones per annum. Its cement plants are located at Beawar, Ras, Khushkhera, Jobner and Suratgarh in Rajasthan and Laksar (Roorkee) in Uttarakhand.

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