Shree Cement starts commercial production at Odisha unit
Shree Cement said it has commenced commercial production at its new cement grinding unit having capacity of 3.0 MTPA set-up at Athagarh Tehsil in Cuttack District of Odisha.
The scrip declined 1.27 per cent to currently trade at Rs 27,349.90 on the BSE. On a year-to-date (YTD) basis, the stock has gained 13.77 per cent while the benchmark Sensex has added 5.28 per cent during the same period.
Shree Cement is a leading cement manufacturer in the country having its operations spread across several states. The company also has business interest in power generation and trading. The cement major's consolidated net profit soared 102.53 per cent to Rs 631.58 crore on 12.56 per cent increase in revenue from operations to Rs 3,541.38 crore in Q3 December 2020 over Q3 December 2019.