The board of Shree Cement has approved the construction of a new cement plant in the Indian state of Karnataka.
According to a release to the Bombay Stock Exchange, the new plant will have clinker production capacity of 2.8 million tpy and cement production capacity of 3 million tpy.
Clinker production capacity was increased from the initial plan for the project, which was released in February 2016 and called for clinker production capacity of 2.4 million tpy.
The new plant is expected to be online by the end of 2018, the company said, and require investment of INR1800 crore (US$265.0 million).
Read the article online at: https://www.worldcement.com/indian-subcontinent/31012017/shree-cement-approves-new-plant/