Shree Cement on Friday said it has completed the Rs 550-crore greenfield cement plant in the Purulia district, Bengal.

The company said this is its first production facility in Bengal and has begun trial production from Friday. With this plant, the total cement production capacity of the group has increased to around 50 mt per annum across 15 plants.

The 3-million-tonne-per- annum plant set up at an investment of around Rs 550 crore was entirely funded through internal accruals.

This new plant will serve the growing cement demand in fast-growing Bengal and Jharkhand markets, helping faster supplies to its customers, Neeraj Akhoury, the managing director, said.

He also said the company is determined to reach over80 mt capacity at an accelerated pace over the next few years.

The Hari Mohan Bangur-led company plans to launch four projects, having a combined capacity of about 10.5mt of cement capacity, entailing investments of Rs 5,500-6,000 crore.

The new plants will come up in Uttar Pradesh, Punjab, and Karnataka apart from the one in Bengal near the Sankrail-Kolaghat area.

PTI