Shree Cement Limited has been declared the preferred bidder for a 373-hectare limestone block in Andhra Pradesh, marking a significant expansion of its raw material base. The block, located in YSR Kadapa district, was awarded through a government e-auction process.
Shree Cement, one of India’s leading cement producers, has strengthened its resource portfolio with this latest acquisition. The move underscores the company’s growth ambitions and commitment to securing long-term raw material supply.
Expansion Into Andhra Pradesh
The limestone block, situated in Dommarnandyala-1 of YSR Kadapa district, is expected to provide a strategic advantage in cement production. Andhra Pradesh is a key hub for cement manufacturing, and this acquisition positions Shree Cement to enhance its regional presence.
Regulatory Disclosure
The announcement was made under Regulation 30 of SEBI’s Listing Obligations and Disclosure Requirements, ensuring transparency for investors and stakeholders.
Key Highlights
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Shree Cement declared preferred bidder for Dommarnandyala-1 block
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Block spans 373 hectares in YSR Kadapa district
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Awarded through government e-auction process
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Strengthens raw material security for cement production
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Disclosure made under SEBI Regulation 30
Sources: Company filing with NSE and BSE