Shree Cement Gains 10% At The NSE Today

Shree Cement is setting up a 5 Mt cement plant and a 20 MW captive power plant at the villages of Parbatpur and Digha, Tehsil Raghunathpur in the district of Purulia, West Bengal. A railway siding, loading unloading system and residential colony will be constructed as well. The total estimated cost of the project is Rs. 6000 million. The total land area is 104 acres.

The project is awaiting environmental clearance and Pollution Control Board approval. According to West Bengal Pollution Control Board sources, pet coke and coal will be utilized as fuel in the boilers of captive power plant. The project will take 20-24 months for construction.

At the news, Shree cement share price surged approximately 10 per cent in the trade today at Rs. 15,180, the intraday high.

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