Shree Cement to set up grinding unit in Jharkhand
Kolkata-based Shree Cement signed an agreement with the government of Jharkhand to set up a three million tonne annual capacity cement grinding unit, at an investment of Rs 600 crore. Shree Cement plans to complete the project in two years. The company entered into a memorandum of understanding with the Jharkhand government during the investment promotion roadshow organized by the State.
The company would bring clinker, the raw material, all the way from its clinker unit in Chhattisgarh to make the final product, as Jharkhand has no limestone deposits to set up a clinker plant.