Shree Cement's eastern promise

Shree Cement is looking to expand its presence in eastern India with the construction of two grinding facilities, according to local press.

As part of its expansion plan in the east from its base in Bihar, Shree Cement is constructing one plant in Raghunathpur, West Bengal, and the other near Cuttack, Odisha, the report in Business Standard (India), stated.

Managing Director, HM Bangur, told the daily that Shree had acquired 120-130 acres in Bengal and that a deal to acquire 150 acres in Odisha would be signed soon.

He added that these units would become prime distribution hubs for their respective states.

Commissioning of both facilities is expected to take place in late 2018 and will help help Shree increase its presence from one state to three in east India.