According to multiple sources, Shree Cement Ltd has informed BSE that the company recently participated in and won the auction for coal linkages from South Eastern Coalfields Limited in the State of Chhattisgarh for 80 000 tpy.
Shree Cement Ltd ended at Rs. 16019.3, up by Rs. 304.4 or 1.94% from its previous closing of Rs. 15714.9 on the BSE.
The company will get the supply of the dry fuel mainly from New Kusmunda mine in Chhattisgarh for Rs 970 per t and it has been allocated a supply of 80 000 tpy.
In May, the company said it will set up a clinker plant with 2.8 million tpy capacity at its integrated cement plant in Raipur, Chhattisgarh.
The investment required for the capacity addition at the 2.6 million tpy cement plant is about Rs 700 crore, which does not include the cost of the land and other infrastructure.
Last month, the firm said it has completed the expansion of grinding unit at Aurangabad (Bihar) from 2 million tpy to 3.6 million tpy.
Read the article online at: https://www.worldcement.com/indian-subcontinent/19072016/shree-cement-secures-coal-linkage-secl-557/