Shree Cement Unveils Plans for Cement Capacity Expansion in UP

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Cement-Capacity-Expansion

During a recent inaugural event, Neeraj Akhoury, the Managing Director of Shree Cement Ltd, revealed the company’s ambitious plans for expanding its capacity in UP. This initiative involves the signing of an MoU with the state government at the Global Investors’ Summit held last year.

Shree Cement is a leading cement manufacturer in India, known for its high-quality products and strong presence in the market. With a production capacity of over 40 million tonnes per annum, Shree Cement operates state-of-the-art manufacturing plants in Rajasthan, Uttarakhand, Bihar, Haryana, Chhattisgarh, and Uttar Pradesh.

The company’s product portfolio includes Ordinary Portland Cement (OPC), Portland Pozzolana Cement (PPC), and Portland Slag Cement (PSC), catering to a wide range of construction needs. Shree Cement is committed to sustainability and has implemented various initiatives to reduce its environmental impact, including the use of alternative fuels and energy-efficient technologies.

The MoU outlines the establishment of two new cement factories, one in Etah and the other in Prayagraj. Both initiatives, crucial to the event that commenced on Monday, are projected to require an investment of around Rs 2,000 crore, augmenting UP’s cement production capacity by nearly 7 million tonnes annually (MTPA) within the next 24 months.

Shree Cement is currently engaged in constructing a 3.5 MTPA plant in Etah, slated to become operational in the coming year. Simultaneously, Prayagraj is set to develop another 3.5 MTPA facility. Shree Cement has already acquired approximately 17 acres of land in Etah for this purpose, with construction currently underway.

The commencement of production at the Prayagraj project is anticipated in 24 months, with the land acquisition process set to commence shortly. HM Bangur, the chairman of Shree Cement Ltd., graced the groundbreaking ceremony and shared insights into the company’s strategic initiatives to enhance capacity in UP. He also delved into the broader aspects of supply and demand within the Indian cement industry.

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