Stock Report

Shree Cement Announces ₹1,800 Crore Integrated Plant in Meghalaya

Posted On : 2026-04-05 11:29:47( TIMEZONE : IST )

Shree Cement Limited (NSE: SHREECEM; BSE: 500387) has announced a significant greenfield expansion in Northeast India. In a regulatory filing dated April 4, 2026, the company confirmed that its Board of Directors has approved the establishment of a new integrated cement plant in the state of Meghalaya.

Project Overview and Capacity

The new facility will be located at Village Daistong, in the East Jaintia Hills District of Meghalaya. This project marks a strategic move by Shree Cement to establish a manufacturing footprint in a region where it currently has no existing capacity.

Clinker Capacity: 0.95 Million Tonnes Per Annum (MTPA)

Cement Capacity: 0.99 Million Tonnes Per Annum (MTPA)

Total Investment: Approximately ₹1,800 crore

Expected Completion: By the quarter ending March 2028

The primary driver for this investment is Business Expansion, specifically targeting the growing infrastructure and housing demand in the Northeastern states. By setting up an integrated plant (which includes both clinker and cement grinding units) locally, the company aims to optimize its supply chain and reduce logistical costs in the region.

The project will be funded through a mix of Internal Accruals and Debt, showcasing the company's strong balance sheet and its ability to leverage capital for long-term growth. This expansion is expected to significantly strengthen Shree Cement's market position in the eastern peripheral markets of India.

Shares of SHREE CEMENT LIMITED was last trading in BSE at Rs. 23122.90 as compared to the previous close of Rs. 23268.85. The total number of shares traded during the day was 504 in over 363 trades.

The stock hit an intraday high of Rs. 23232.25 and intraday low of 22680.00. The net turnover during the day was Rs. 11529517.00.