Shree Cement has inaugurated its new cement grinding unit with 3 MTPA capacity in Purulia district, West Bengal. The facility was inaugurated by the state’s chief minister Mamata Banerjee.
“This significant investment not only strengthens our state’s industrial landscape but also reflects the growth potential of West Bengal’s cement sector,” said Banerjee.
The facility has been set up by a wholly owned subsidiary of the company, Shree Cement East with an overall investment of Rs 550 crore which has been entirely funded through internal accruals by the group.
Clinker to this facility will be serviced through the company’s cement facility in Baloda Bazar district of Chhattisgarh.
Hari Mohan Bangur, chairman of the company said, “We are determined to setup another similar plant in West Bengal.”
This new plant will serving the cement demand from West Bengal and Jharkhand and help increase its market share in the fast-growing market of Eastern India, it said.
With this plant, the total cement production capacity of the group stand increased to 50 MTPA capacity in India. It plans to achieve more than 80 million tonnes of production capacity in the coming years.
With the commencement of the production in West Bengal, the company’s total plants for cement production in India now stands at 15.