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“The Company has commissioned new cement grinding unit (namely Bangur Cement Unit) having capacity of 3.60 MTPA at Village Rohi Udaipur Udasar, District Sriganganagar in Rajasthan,” Shree Cement said in a regulatory filing.
The company recorded a flat operating performance in Q3FY18, which was impacted due to increase in energy and freight costs.
Shree Cement is amid a series of capacity expansions expected to materialize over next 12-18 months, potentially taking its capacity to 40MT+ by FY19end in domestic market. We believe with the capacities in place, Shree Cement’s offers strong EBITDA growth outlook (with a healthy balance sheet and return profile) and the ability to scale-up volume, if demand surprises on the upside, it added.