Shree Cement’s Wholly Owned Subsidiary -- Shree Cement East has received board’s approval for the proposal for setting up of a Clinker Grinding Unit at Village Digha & Parbatpur, in Purulia district of West Bengal. The Proposed capacity addition is 3.0 Million Ton Per Annum at an investment of Rs 750 crore.
The financing will be through equity contribution from Shree Cement. The cement demand supply situation in West Bengal appears quite favourable and thus, investment in cement plant in the State would be a viable proposition.
Shree Cement is a rapidly growing Company focused on its core business of Cement & Power. Currently, its manufacturing operations are spread over North and Eastern India across six states.
