Shree Cement, the third-largest participant, has inaugurated a three-million-tonne new plant in Andhra Pradesh, which can propel its capability to 56.4 million tonnes. Constructed with an funding of Rs 2,500 crore, the Andhra Pradesh plant shall be Shree Cement’s sixth facility within the nation and second within the southern area after Karnataka.
Aditya Birla Group, which owns UltraTech, mentioned it took 36 years for it to get to a capability of 100 million tonnes however it added the subsequent 50 million tonnes in lower than 5 years. “Reaching this milestone is symbolic of India’s ascent on the worldwide stage and demonstrates the dynamism and scale of Indian firms,” mentioned Aditya Birla Group chairman Kumar Mangalam Birla. UltraTech will make investments Rs 32,400 crore in direction of ongoing capex over the subsequent three years. In FY24, it had expanded capability by 18.7 million tonnes.
Shree Cement mentioned it commissioned the Andhra Pradesh plant six months forward of schedule. “We’re dedicated to rising responsibly,” mentioned Shree Cement MD Neeraj Akhoury. Round 75% of the plant’s energy requirement is met by renewable vitality sources. The corporate had elevated capability by 9.5 million tonnes in FY24, by three new greenfield vegetation at an funding of over Rs 7,000 crore.
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