Shree Cement denies investment plans for MP plant

Shree Cement denies investment plans for MP plant
Published: 21 February 2008

Shree Cement on Wednesday said its board has not cleared any investment plans for a cement plant in Madhya Pradesh, as reported by local media.  
 
The company further clarified that it has not even secured the limestone mines for the above project, although it is making efforts in this direction.  
 
The media last week carried reports of Shree Cement planning to invest Rs 2,000 crore in a new plant in Madhya Pradesh, and had the option of increasing the capacity by 1Mt at a later stage. The new factory is expected to be functional by mid-2010, reports said.