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Axis Securities Report
Shree Cement Ltd. commissioned a new three million tonne per annum cement unit in Cuttack, taking the total capacity to 43.4 mtpa.
Its three mtpa new grinding capacity is coming up in Patas, near Pune and is expected to be operational in Q2 FY22.
With this capacity addition, Shree Cement’s total cement grinding capacity will increase to 46.4 mtpa on a standalone basis.
The company continues to strengthen its market reach and focus on premium product sales.
During the year, the company undertook several cost optimisation measures resulting in higher Ebitda margins.
The company aims to expand its total cement grinding capacity to 80 mtpa by 2030.
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