HYDERABAD: Cement manufacturer Shree Cement Limited marked its foray into the ready mix concrete (RMC) segment with the commissioning of its first greenfield ready mix concrete (RMC) plant – Bangur Concrete – at Mankhal in Hyderabad on Friday.
The RMC plant, which has a capacity of 90 cubic meters per hour, aligns with the company’s vision to emerge as a multi-product player in the core cement business, the company said. The new facility was unveiled by Shree Cement chairman HM Bangur here on Friday.
With the commissioning of the plant, the company’s combined RMC capacity now stands at 512 cubic meters per hour.
Earlier this month, Shree Cements had acquired five operational plants of StarCrete LLP in Mumbai for a consideration of Rs 33.5 crore.
Shree Cement Ltd managing director Neeraj Akhoury said the foray into RMC marks the company’s foray into a promising new line of business that is driven by India’s growth momentum.
He said the company was committed to aggressively expanding its presence in the RMC market by building new units as well as acquiring plants.
Akhoury said Shree Cement was firmly on track to emerge as a modern, green building materials company by ramping up capacity utilisation, enhancing brand equity, raising cost efficiency and stepping up R&D efforts.