InvestorQ : Can you tell me about the expansion plans of Shree Cements?
Anjana Aiyar made post

Can you tell me about the expansion plans of Shree Cements?

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Khushi Patel answered.
2 days ago
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Shree Cement, which belongs to the HM Bangur Group, is planning a major expansion of its cement and clinker capacity. This is to meet the ever growing demand for cement as construction and housing activity picks up through a lot of revenge buying in the aftermath of the pandemic. As part of the expansion, Shree Cements will set up an integrated cement plant with a total capacity of 3.50 million tons per annum or MTPA at Nawalgarh, Rajasthan.

The plant will also have a clinker manufacturing capacity of 3.80 MTPA. The entire expansion will entail a total investment of Rs.3,500 crore and it will be entirely funded through a mix of internal accrual and debt. The expansion is proposed to go on stream by Mar-24. The plan will meet its power needs though a captive solar plant with capacity of 106 MW at an investment of Rs.500 crore. Capex at $100 per tonne, is higher than its average $70/tonne.

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