Shree Cement has received approval from board of directors for investment of Rs 7000 crore to increase capacity. The company has proposed capacity addition of clinker manufacturing plant of 3.65 million tonnes at Pali, Rajasthan and cement capacity of 6.0 million tonnes in Pali, Rajasthan and Etah, Uttar Pradesh.
The company has also proposed capacity addition of clinker manufacturing plant of 3.65 million tonnes at Kodla and cement capacity of 6.0 million tonnes at Kodla and Bangalore in Karnataka. The existing cement capacity of the Company (including that of Wholly Owned Subsidiary) is 49.90 Million Ton Per Annum (MTPA) in India. During the year 2022-23, the utilization rate was 70%.
The Board of Directors of the Company has also decided to make strategic diversification in Ready Mix Concrete (RMC) business commencing with plan to set-up 5 RMC Units by this financial year. The Board of Directors of the Company in its meeting held on July 26, 2023 approved the same.
Shree Cement is a rapidly growing Company focused on its core business of Cement & Power.
| Company Name | CMP |
|---|---|
| Ultratech Cement | 11911.30 |
| Ambuja Cement | 454.50 |
| ACC | 1429.55 |
| Shree Cement | 25461.55 |
| Dalmia Bharat | 1979.45 |
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