Shree Cement Unveils ₹2,000 Cr Maharashtra Investment for New Plant

• Shree Cement announced a ₹2,000 crore investment for a new 2 MTPA cement manufacturing unit in Maharashtra's Vidarbha region.
• The plant will be located in Kondala, Chandrapur district, as part of a three-year expansion plan.
• This aims to boost Shree Cement's total production capacity from 68 MTPA to 80 MTPA, with a future target of 100 MTPA.
• The expansion will be funded through internal cash reserves exceeding ₹5,000 crore, avoiding external debt.
• Land acquisition is almost complete, and environmental clearance is awaited; the plant is expected to be ready in two years post-approval.

Why It Matters: Shree Cement invests ₹2,000 Cr in Maharashtra for capacity expansion, funded internally.