Shree Cement Ltd to pump in Rs 2,000 crore to establish factories in Etah
Shree Cement has begun construction of two new 3.5Mt/yr cement plants at Etah and Prayagraj in Uttar Pradesh.
The projects represent the company’s delivery on a memorandum of understanding (MoU) with the Uttar Pradesh government, that it signed in February 2023.
The company aims to reach 9Mt/yr in installed capacity in Uttar Pradesh by February 2026, with estimated investments of US$241m. It currently operates a 2Mt/yr integrated cement plant at Bulandshahr.
A statement said,“The company is expanding its cement manufacturing capacity in Uttar Pradesh and is adding close to 7 million tonnes per annum (MTPA) capacity in the next 24 months at an estimated investment of around ₹2,000 crore.”
HM Bangur, chairman of Shree Cement Ltd, attended the ground-breaking ceremony and shared the company’s plans to expand capacities in UP. He also discussed the overall demand and supply situation in the cement industry in India.