Shree Cement to invest Rs 285 cr to expand Aurangabad unit

Shree Cement is expanding the capacity of its cement grinding unit at Aurangabad (Bihar) to 5.60 million tonnes per annum (MTPA) at a cost of around Rs 285 crore.
The existing capacity of the grinding unit is 3.30 MTPA, which will be expanded to 5.60 MTPA by March 2018, it said in a regulatory filing.
Shree Cement had completed the expansion of grinding unit at Aurangabad from 2 MTPA to 3.6 MTPA in June.
The firm added that financing for the project will be done through internal accruals.
In May, the firm said it will set up a clinker plant with 2.8 million tonnes per annum (MTPA) capacity at its integrated cement plant in Raipur, Chhattisgarh.

The investment required for the capacity addition at the 2.6 MTPA cement plant is about Rs 700 crore, which excludes the cost of land and other infrastructure.
The firm has a total cement production capacity of 27.2 MTPA with plants spread over Rajasthan, Uttarakhand, Bihar, Harayana, Chhattisgarh and Uttar Pradesh. Besides, it has a power generating capacity of 627 mega watt (MW).