India’s Shree Cement Ltd has announced a INR35bn (US$519.79m) capital expenditure budget for the current financial year. The amount includes INR20bn which will be spent to conclude the acquisition of UAE-based United Cement Co PSC by July, a few months ahead of plans, according to Subhash Jajoo, CFO, Shree Cement.
Furthermore, the company plans to invest INR13-14bn to set up grinding units in Odisha, Jharkhand and West Bengal. Once completed, these plans would see the company raise its production capacity by 7-8Mta. Shree Cement expects to commission the facilities in the FY20, according to Mr Jajoo.
Meanwhile, the company expects to commission its 3Mta integrated plant in Gulbarga, Karnataka, in October.

Buzzi SpA posts cement deliveries of 26.4Mt in 2024
In 2024 Buzzi’s cement sales on a like-for-like (LfL) basis at consolidated level would have dec...