India: Shree Cement to invest INR5bn in 2Mta grinding plant

Shree Cement will invest INR5bn (US$74.4) in a new 2Mta grinding unit in Sarai Kale Karasawa, Jharkhand, India. The company entered a memorandum of understanding with the Jharkhand government in an investor meet on 20 July relating to the project, which is located in the fastest-growing state in eastern India.