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Shree Cements Ltd. Capital/Financing Update 2020
62875_rns_2020-09-29_fe8e2555-15ba-41cf-90dd-e21e16a4ac14.pdf
Capital/Financing Update
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| CIN No. | : L26943RJ1979PLC001935 |
|---|---|
| Phone | : 01462228101-6 |
| Toll Free : 18001806003/6004 | |
| Fax: | 01462228117/228119 |
| E-Mail: [email protected] | |
| Website : www.shreecement.com |
SHREE CEMENT LTD.
An ISO 9001, 14001,45001 & 50001 Certified Company
Regd. Office:
BANGUR NAGAR, POST BOX NO.33, BEAWAR 305901, RAJASTHAN, INDIA
SC UBWR/2020-21 29th September, 2020
National Stock Exchange of India Limited, Exchange Plaza, Bandra - Kurla Complex, Bandra (East) MUMBAI - 400 051 SCRIP CODE: SHREECEM EQ
Bombay Stock Exchange Ltd . Phiroze Jeejeebhoy Towers, 25th Floor, Dalal Street, MUMBAI - 400 023 SCRIP CODE 500387
Re:- Disclosure under Regulation 30 of the SEBI (Listing Obligations "and Disclosure Requirements), Regulations, 2015
Dear Sirs,
The Board of Directors of the Company has approved setting up of a Clinker Unit at Baloda Bazar, Raipur in Chhattisgarh. In compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements), Regulations, 2015, we disclose herewith the following information:
| Proposed capacity addition | Settingup Clinker Unit at Baloda Bazar,Raipur in Chhattisgarh having capacity upto12,000 Tons Per Day (TPD) |
|---|---|
| Period within which the proposed capacity isto be added | Quarter ending September 2022 |
| Investment required | Rs. 1.000 Crores (Approx.) |
| Mode of financing | Internal Accruals & Debt |
| Rationale | Business Expansion |
Note: Tlmelme, Investments reqUIred and Mode of fmancmg IndIcated above are based on management's estimate and are subject to change.
The existing cement capacity of the Company is 40.40 Million Ton Per Annum (MTPA). During the year 2019-20 the utilization rate was 64%.
Kindly take the same on record.
Yours fa t fully, For SH E CEMENT LIMITED
(5.5. K DELWAL) COMPA Y SECRETARY