Shree Cement Opens 3 MTPA Plant in Andhra Pradesh

By By Rediff Money Desk, HYDERABAD
Apr 02, 2024 16:31
Shree Cement inaugurates its new 3 MTPA integrated plant in Andhra Pradesh, increasing its capacity to 56.4 MTPA and solidifying its position in the cement industry. The plant will create 700 direct and 1300 indirect jobs.
Photograph: Rupak De Chowdhuri/Reuters
Hyderabad, Apr 2 (PTI) Shree Cement Ltd on Tuesday said it inaugurated its Rs 2500 crore new integrated plant at Dachepalli village in Guntur, Andhra Pradesh, six months ahead of schedule.



A press release from the cement maker said the new plant which has a production capacity of three million tons per annum will propel Shree Cement's manufacturing capacity to 56.4 MTPA, further solidifying its position as a key player in the cement industry.



Built with an investment of Rs 2,500 crore, the Guntur plant will be Shree Cement's sixth integrated production facility in the country and second in the Southern region after Kodla in Karnataka.



Located strategically to cater to the growing markets of Telangana and Andhra Pradesh, the plant will contribute to the economic development of the region. The new unit is expected to generate approximately 700 direct jobs and 1300 indirect jobs, it said.



Neeraj Akhoury, Managing Director of Shree Cement Ltd, said, "We're committed to growing responsibly. The Guntur plant reflects this by using advanced technology for manufacturing and controlling emissions, making high quality cement with efficient use of energy.



He further said the plant will also drive economic growth and well-being in the area through employment opportunities and partnership with local communities.



The newly inaugurated plant places a significant emphasis on environmental sustainability. This state-of-the-art facility is designed to utilise 30 per cent Alternate Fuel and Raw materials (AFR), such as municipal waste and biomass. It will set a standard for the industry in India, having the highest AFR usage in the sector.

Shree Cement has cement manufacturing facilities across India and UAE.



The commissioning of the Guntur unit marks a significant milestone in the company's journey towards achieving its production target of 80 MTPA capacity by 2028, by which time 13 more plants will be operational, five of which are scheduled to be commissioned in FY25, the release added.
Read More On:
shree cementcement plantandhra pradeshgunturmtpaproduction capacitycement industryinvestmentemploymentsustainabilityalternate fuel
DISCLAIMER - This article is from a syndicated feed. The original source is responsible for accuracy, views & content ownership. Views expressed may not reflect those of rediff.com India Limited.

You May Like To Read

MORE NEWS

Farm-to-Fork Price Gap: Govt to Set Up Committee

India's Agriculture Minister announces committee to address the vast price difference...

Rabi Crop Output Target: India Aims for Record...

India aims for record foodgrain production in the 2024-25 rabi season despite...

HDFC Bank to Sell Shares in HDB Financial...

HDFC Bank approves the sale of Rs 12,500 crore worth of shares in its subsidiary HDB...

Dalmia Bharat Q2 Profit Down 60.2% to Rs 49 cr

Dalmia Bharat's net profit declined by 60.16% to Rs 49 crore in Q2 FY25 due to falling...

Punjab & Sind Bank Q2 Profit Surges 26% to Rs...

Punjab & Sind Bank's net profit jumped 26% to Rs 240 crore in Q2 FY25, driven by a...

uBreathe Raises Rs 24 Cr for Air Purifier Growth

Biotech startup uBreathe aims to raise Rs 24 crore to expand its air purifier product...

Vedanta to Invest Rs 1 Lakh Cr in Rajasthan:...

Vedanta plans to invest over Rs 1 lakh crore in Rajasthan across zinc, oil & gas, and...

UCO Bank to Raise Rs 2,000 Cr via QIP in Q3 |...

UCO Bank plans to raise Rs 2,000 crore through a qualified institutional placement...

UCO Bank Profit Jumps 50% to Rs 603 Cr in Q2

UCO Bank reported a 50% surge in net profit to Rs 603 crore in Q2 FY25, driven by...

UCO Bank Q2 Net Profit Jumps 50% to Rs 603 Crore

UCO Bank's net profit surged by 50% to Rs 603 crore in the second quarter, driven by...

Read More »

Sectoral Indices Market Indicators Listed Companies Gainers Losers Mutual Funds Portfolio Watchlist
© 2024 Rediff.com