Shree Cement Limited Board Approves Integrated Cement Plant in Meghalaya
SHREE CEMENT LIMITED announced that its Board of Directors approved the setting up of an Integrated Cement Plant in Meghalaya. The facility is slated for Village Daistong, located in the East Jaintia Hills District.The approved project involves developing an integrated cement plant with a clinker capacity of 0.95 MTPA and a cement capacity of 0.99 MTPA.
The company provided details regarding the proposed expansion, noting that there is no existing capacity recorded at the location. The proposed capacity addition aims to establish the integrated cement plant at Village Daistong, East Jaintia Hills District, Meghalaya.
The details of the proposed capacity addition, investment requirements, and financing are summarized below:
| Particulars | Details |
|---|---|
| Proposed capacity addition | Setting up of an Integrated Cement Plant having clinker capacity of 0.95 MTPA and cement capacity of 0.99 MTPA at Village Daistong, in East Jaintia Hills District in the state of Meghalaya |
| Period for capacity addition | Quarter ending March, 2028 |
| Estimated Investment Required | Rs. 1800 crores |
| Mode of financing | Internal Accruals & Debt |
| Rationale | Business Expansion |
The company stated that the total estimated investment required for the project is Rs. 1800 crores, which will be financed through a combination of Internal Accruals and Debt. The primary rationale cited for the undertaking is Business Expansion.
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