Shree Cement

Shree Cement plans to set up a greenfield cement plant at Pedagarlapadu village in Dachepalli mandal, Guntur district, Andhra Pradesh, with an investment of about Rs 1,500 crore. The plant is expected to be operational within 24 months of construction start.

Shree Cement has contracted FLSmidth for a new 11,500tpd greenfield cement line near Nawalgarh, Rajasthan, and an additional OK cement mill for a split grinding unit in West Bengal. The contract is valued at around DKK 200 million.

Shree Cement will invest INR 3,500 crore to set up an integrated cement plant in Nawalgarh, Rajasthan, INR 500 crore for solar power plants at various locations, and INR 750 crore for a clinker grinding unit in Purulia, West Bengal via its subsidiary Shree Cement East.

Shree Cement commenced commercial production at its new cement grinding unit in Athagarh Tehsil, Cuttack District, Odisha, with a capacity of 3 million tonnes per annum.

Shree Cement is planning to set up a greenfield integrated cement plant in Maldo, Kutch district, Gujarat. The project includes a 2.5 mtpa clinker unit, 3.5 mtpa cement unit, a 20 MW waste heat recovery plant and a 25 MW captive power plant, with an estimated cost of ₹18,376 million.

India's Shree Cement completed the acquisition of Union Cement Company (UCC) in Ras al-Khaimah, marking Shree Cement's first overseas expansion.

India's Ministry of Environment, Forest and Climate Change approved terms of reference for Shree Cement's proposed 3.5 Mt/yr integrated cement plant at Bhuj, Gujarat, including a waste heat recovery unit, captive power plant, synthetic gypsum unit and railway terminal.

Shree Cement Limited received final clearance from the Bihar state cabinet to establish a cement manufacturing plant with a capacity of 550 lakh tonnes per year at Industrial Development Centre in Aurangabad, Bihar, at a cost of Rs 490 crore. The unit will also include a 30MW solar power plant and is expected to begin commercial production in April 2018.

Shree Cement has agreed to acquire a 92.83% stake in UAE-based Union Cement for an enterprise value of $305.24 million. The deal is Shree Cement's first venture outside India and its largest acquisition ever.

Shree Cement is investing Rs700 crore to build two new units near Raipur, Chhattisgarh, increasing capacity from 2.6 mtpa to 5.4 mtpa.

Shree Cement is constructing two greenfield grinding units in Raghunathpur, West Bengal and near Cuttack, Odisha, each with 2 million tonnes per annum capacity and an investment of Rs500 crore each. Commissioning is expected in late 2018.

Petron Engineering Construction received a letter of intent from Shree Cement for civil works at Shree Cement's Orissa Grinding Project in Cuttack, Orissa. The contract value is approximately Rs. 33 crore.