Shree Cement has decided to invest nearly 2,500 crore. Company’s board has approved the plans to set up the new plant.
AMARAVATI: This is a huge investment for the state and it will be beneficial for the state’s economy as the cement giant Shree Cement has formally decided to invest and set up an integrated cement manufacturing plant in Guntur district.
This investment is worth more than 2500 crores. Board also approved the plan to set up a plant. It will set up the plant with 3 million metric tonnes (MMT) annual production capacity.
Sources informed that the state government has identified and allocated land near Peda Garlapadu village of Gurazala constituency.
Shree Cement has already finished the spade work before formally launching the work. The company is gearing up to complete the first phase of the project.
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