Shree Cement announced an investment of INR 7,000 crore for capacity expansion, including clinker capacity of 3.65 million tonnes in Rajasthan and 6 million tonnes of cement capacity in Rajasthan and Uttar Pradesh. The company will also invest in two projects in Karnataka.
The board of directors of Shree Cement approved raising of funds by way of issuance of non-convertible debentures (NCDs) aggregating to an amount upto Rs 1,000 crore in one or more tranches on private placement basis.
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