Shree Cement Receives Demand Order for Penalty of Rs 68.56 Lacs
Shree Cement Ltd. announced today, March 24, 2026, that it has received a demand order from the Office of the Mining Engineer, Department of Mines & Geology, Ajmer Circle, Rajasthan.The demand order, received on March 23, 2026, imposes a penalty of Rs 68.56 lacs. The penalty stems from delayed compliance observed as per Clause 2 & 3 of Part IX of the Lease deed executed under Mineral Concession Rules, 1960, during an inspection conducted by Department of Mines & Geology (DMG) officials at the Sheopura Kesarpura Mines, Rajasthan in 2013.According to Shree Cement, the order is not expected to have a major financial impact on the company, and legal action will be pursued...