Small Business
Shree Cement to invest Rs 450 cr by mid-2010
Kolkata-based Shree Cement today said it will invest Rs 450 crore to increase the annual capacity of its existing units in Rajasthan by 2 million tonnes by mid-2010. - Shree Cement net profit soars over two-fold - Cement unlikely to cost more despite coal price hike - Cement industry growth at 11-month low - Shree Cement forays power sector; to invest Rs 1,200cr - Shree despatches 13.81% more in September - Analysts" corner It is also looking to set up greenfield units in Karnataka, Rajasthan and Chhattisgarh. "We will invest Rs 450 crore to raise capacity at our three plants in Rajasthan by 2 million tonne annually. This project will be undertaken by mid-2010," Shree Cement Managing Director H M Bangur told reporters on the sidelines of the International Seminar on Cement and Building Materials here. He said the investments will come from the company"s internal accruals. "We are also looking to set up greenfield cement plants in Karnataka, Rajasthan and Chhattisgarh," Bangur said, without giving further details. The company"s current annual installed capacity is nine million tonnes. Shree Cement has fixed a capex of Rs 600 crore for the November 2009 to June 2010, he said, adding: "We have a cash reserve to the tune of Rs 1,900 crore, while our existing debts are of Rs 1,500 crore." Last month, the company had announced its foray into the commercial power business with an investment of Rs 1,200 crore in the next two years to set up a 300 Mw thermal power plant in Rajasthan.Next day loans commented:
Hope that they have get success with their share
27.08.2011
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The Growth of Shree Cement has pleased a lot of people. It is giving great opportunity for people of Rajasthan
27.09.2011
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22.10.2011
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21.02.2012
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23.03.2012