 "Shree Cement gains on completion of expansion of grinding unit in Bihar")
Shree Cement has moved higher by 3% to Rs 14,246 on the BSE after the company announced that it has completed the expansion of grinding unit at Aurangabad (Bihar) from 2.0 million tons per annum (MTPA) to 3.60 MTPA on June 22, 2016.
On May 26, the company proposed expansion of clinker capacity at its Raipur, Chhattisgarh by 2.8 MTPA and that is proposed to be completed by March 2018 with an investment of Rs 700 crore (excluding cost of land and other infrastructures). Currently the same plant has integrated cement capacity of 2.6 MTPA.
Thus far in 2016, the stock has surged 24% as compared to 2.5% rise in the S&P BSE Sensex.
On May 26, the company proposed expansion of clinker capacity at its Raipur, Chhattisgarh by 2.8 MTPA and that is proposed to be completed by March 2018 with an investment of Rs 700 crore (excluding cost of land and other infrastructures). Currently the same plant has integrated cement capacity of 2.6 MTPA.
Thus far in 2016, the stock has surged 24% as compared to 2.5% rise in the S&P BSE Sensex.