Shree Cement to Invest ₹2,000 Cr in Maharashtra for New 2 MTPA Plant

• Shree Cement announced a ₹2,000 crore investment for a new 2 MTPA cement manufacturing unit in Maharashtra's Vidarbha region.
• This investment is part of the company's three-year plan to boost its overall capacity from 68 MTPA to 80 MTPA.
• The plant will be located in Chandrapur district's Kondala, with land acquired and environmental clearance awaited.
• Chairman Hari Bangur stated the project will be funded through internal accruals from the company's ₹5,000 crore cash reserves.
• India's per capita cement consumption is significantly lower than the global average, indicating growth potential for the industry.

Why It Matters: Shree Cement commits ₹2,000 Cr to expand capacity in Maharashtra, aiming for 80 MTPA by 2028.