Shree Cement to Set Up ₹1800 Crore Integrated Cement Plant in Meghalaya
Shree Cement will invest ₹1800 crores to set up a new integrated cement plant in Meghalaya. The plant will have a clinker capacity of 0.95 MTPA and cement capacity of 0.99 MTPA. The project is expected to be completed by March 2028 and will be funded through internal accruals and debt.
The investment of ₹1800 crores is substantial and represents a significant expansion for the company, which could have a notable impact on its production capacity and market presence.
The company is undertaking a significant capacity expansion, which is generally viewed positively as it indicates growth and future revenue potential.
Shree Cement Limited has announced its decision to establish an integrated cement plant in Village Daistong, East Jaintia Hills District, Meghalaya. The proposed plant will have a clinker capacity of 0.95 million tonnes per annum (MTPA) and a cement capacity of 0.99 MTPA.
The project represents a significant business expansion for the company, with an estimated investment of ₹1800 crores (approximately $216 million). This investment will be financed through a combination of internal accruals and debt.
The company expects to complete the setup of this new capacity by the quarter ending March 2028. This move is part of Shree Cement's strategy to enhance its manufacturing footprint and cater to growing market demands.
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