Construction Industry News
Shree Cement Limited has inaugurated its new cement grinding unit with a capacity of 3.0 million tonnes per year (MTPA) in the Purulia district of West Bengal. The inauguration ceremony was attended by the Chief Minister of West Bengal, Mamata Banerjee, whose leadership was crucial in facilitating this achievement.
Set up by a wholly owned subsidiary of the company, Shree Cement East, the facility was installed at a total investment of Rs 550 crore, which was fully financed through group in-house facilities. The factory started production on schedule.
This is one of many new investments that Shree Cement Group has announced in the recent past. Clinker for this facility will be supplied via Shree Cement's cement plant in the Baloda Bazar district of Chhattisgarh
.Addressing him at the inauguration, Chief Minister Banerjee said: “This significant investment not only strengthens the industrial landscape of our state but also reflects the growth potential of the cement sector in West Bengal. Shree Cement's commitment to excellence and sustainability aligns perfectly with our vision of a prosperous state. We look forward to witnessing the positive impact this will have on the economy and employment in our region."
On the occasion, Hari Mohan Bangur, Chairman of Shree Cement Ltd, said that the inauguration of this plant in Purulia will strengthen the company's presence in the fast growing market of West Bengal. He added that the organization is committed to establishing another similar factory in West Bengal.
“Shree Cement Group has consistently demonstrated its commitment to growth through a series of strategic investments, and this new plant is a testament to that commitment. This venture will not only create employment for the region but will also enable us to enhance our manufacturing capabilities to efficiently meet the growing needs of the West Bengal market,” Bangur said.
This new plant will provide Shree Cement with a strategic advantage in meeting the growing demand for cement in the states of West Bengal and Jharkhand. This facility will help to better tailor the group's cement supplies to its customers and increase its market share in the fast-growing market of eastern India. The new factory has started production after already strong volume growth in recent months.
This plant increased the group's total cement production capacity to 50 MTPA capacity in India. Shree Cement is relentlessly pursuing its goal of reaching a production capacity of over 80 million tons in the coming years. With the start of production in West Bengal, the company's total number of cement manufacturing plants in India now stands at 15.
