Shree Cement expects ₹2,500cr AP plant to ‘solidify’ position as key player

Cement major Shree Cement, on Tuesday, inaugurated its new integrated plant in Andhra Pradesh’s Guntur to increase its manufacturing capacity to 56.4 million tonnes per annum (mtpa).

The company, in a stock exchange filing, said the new plant, which has a cement production capacity of 3 mtpa, was built with an investment of ₹2,500 crore and the capacity expansion will further “solidify” its position as a key player in the cement industry.

INTEGRATED FACILITY

“Built with an investment of ₹2,500 crore, the Guntur plant will be Shree Cement’s sixth integrated production facility in the country and second in the southern re

Neeraj Akhoury, Managing Director, Shree Cement

gion 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 company said.

The new unit, inaugurated six months ahead of schedule, is expected to generate approximately 700 direct jobs and 1,300 indirect jobs.

Speaking on the occasion, Neeraj Akhoury, Managing Director, Shree Cement, said, “We are committed to growing responsibly. The Guntur plant reflects this by using advanced technology for manufacturing and controlling emissions, making highquality cement with efficient use of energy.”

PRODUCTION TARGET

Shree Cement has cement manufacturing facilities across India and the UAE. The company said the commissioning of the Guntur unit marked a significant milestone in the company’s journey towards achieving its production target of 80mtpa capacity by 2028, by when 13 more plants will be operational, five of which are scheduled to be commissioned during this fiscal.