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Shree Cement starts commercial operation of Odisha grinding plant 16 March 2021
Shree Cement has started commercial operation of its new 3Mta cement grinding unit in Odisha. The new plant is located in Athagarh Tehsil, Cuttack District of Odisha, Shree Cement said in a regulatory filing.
Shree Cement operates four integrated plants and 10 grinding plants in India as well as a 4.8Mt integrated plant in UAE. The company is building a new 3Mta grinding plant in Pune but has put on hold plans for a 5Mta greenfield grinding plant in Raghunathpur, West Bengal, India.
The company had previously reported a 102 per cent YoY rise in net profit to INR6.26bn (US$85.76m) for the December 2020 quarter, compared to INR3.12bn in the year-ago period.
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Shree Cement s new cement grinding unit in Odisha commences commercial production
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Last Updated: Mar 15, 2021, 11:29 AM IST
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The company has commenced commercial production at its new cement grinding unit having capacity of 3.0 MTPA set-up at Athagarh Tehsil in Cuttack District of Odisha, Shree Cement said in a regulatory filing.
Shree Cement had posted over two-fold jump in consolidated net profit to Rs 631.58 crore for the third quarter ended December 31, 2020.
Shree Cement on Monday said its new cement grinding unit in Odisha with a manufacturing capacity of 3 million tonnes per annum (mtpa) has commenced commercial production.
The company has commenced commercial production at its new cement grinding unit having capacity of 3.0 MTPA set-up at Athagarh Tehsil in Cuttack District of Odisha, Shree Cement said in a regulatory filing.
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The unit has a grinding capacity of 3 million tonnes per annum (MTPA).Shree Cement said it has commenced commercial production at its new cement grinding unit having capacity of 3.0 MTPA set-up at Athagarh Tehsil in Cuttack District of Odisha.
The scrip declined 1.27% to currently trade at Rs 27,349.90 on the BSE. It traded in the range of 27850 and 27211.20 so far during the day.
On a year-to-date (YTD) basis, the stock has gained 13.77% while the benchmark Sensex has added 5.28% during the same period.
Shree Cement is a leading cement manufacturer in the country having its operations spread across several states. The company also has business interest in power generation and trading.
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