Shree Cement makes more land purchases

Shree Cement makes more land purchases
04 January 2010

Shree Cement a cement maker concentrated in North India, has bought land in states such as Karnataka, Chhattisgarh and also its home state of Rajasthan to set up new plants.

“We have acquired land for our new units in different locations of the country,” said Shree Cement managing director HM Bangur, without giving details. Indian companies face tremendous resistance in buying land as the locals with decades and some even centuries of history to that locality, refuse to part with it. 

Cement companies are adding 110Mt of new capacity in the next few years or so as they expect a strong demand because of the government’s focus to build roads, ports and bridges across the nation, according to estimates by the Cement Manufacturers Association. 

The current capacity with 70 companies is about 240Mt. If Shree Cement completes its planned expansion over coming months, its capacity would rise to 12Mt from 10Mt.

Published under Cement News