Shree Cement (SCL), the Kolkata-based firm will invest Rs 550 crore in the current fiscal.
The company is building a waste heat recovery-based power plant of 10MW capacity in Ras (Rajasthan) with an outlay of Rs 250 crore. In addition, it is expanding its clinker capacity by 1Mta in Rajasthan, along with associated split grinding capacity for a total outlay of Rs 300 crore. Shree Cement managing director HM Bangur told local press: “The power plant is expected to begin operations in August 2009 while the clinker capacity is to be commissioned in the next two years.”
“Once the waste heat recovery-based power plant starts functioning, Shree Cement will save Rs 15 lakh per day,” Mr Bangur added. The company also has expansion plans in Libya, Israel, Sudan and has sent a few key people to survey these markets.
Shree Cement has a capacity to produce 8Mta of cement at its plant in Rajasthan. The company gets the bulk of its business volumes by catering to Rajasthan, Punjab, Haryana, Western UP and Uttaranchal. Apart from these, it’s spending around Rs 15 crore on marketing to tap villages in Rajasthan, Punjab and Haryana.