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Business EconomyPosted at: Mar 22 2024 8:43PM


Hyd: Shree Cement commissions its first Greenfield Ready Mix concrete plant

Hyderabad, Mar 22 (UNI) One of the leading cement groups in India, Shree Cement Limited announced on Friday the launch of Bangur Concrete with the commissioning of its first Greenfield Ready Mix Concrete (RMC) plant in Hyderabad.
The plant which was inaugurated by Shree Cement’s Chairman HM Bangur, has a capacity of 90 cubic meters per hour, the company said in a release here.
The commissioning of the state-of-the-art unit aligns with the company’s vision to emerge as a multi-product player in the core cement business.
As part of this strategy, the company had acquired five operational plants of StarCrete LLP in Mumbai earlier this month for a consideration of Rs 33.5 crore.
The company's combined RMC capacity now stands at 512 cubic meters per hour.
Speaking on the occasion, Neeraj Akhoury, Managing Director of Shree Cement Ltd, said, “This venture into Ready Mix Concrete marks our entry into a promising new line of business. We recognise the vast potential of RMC business, which is being driven by India’s growth momentum, the concerted efforts of both Central and State Governments to advance infrastructure projects and an uptick in the housing sector.”
“In order to maintain our industry leading performance benchmarks, we are ramping up our capacity utilisation, enhancing our brand equity, raising cost efficiency and further stepping up our R&D efforts,'' he added.

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