Shree Cement to Invest Rs 83.5 Billion in Karnataka Projects
In a significant move to strengthen its presence in South India, Shree Cement has committed to investing Rs 83.5 billion in Karnataka over the next five years. The announcement comes after the company signed a Memorandum of Understanding (MoU) with the Government of Karnataka during the Global Investors Meet 2025 held in Bengaluru.
The agreement outlines plans for three key projects, each poised to contribute significantly to the state’s cement manufacturing capacity while simultaneously boosting employment and industrial growth. The first project in the MoU involves the establishment of an integrated cement plant in Kataburagi, set to feature a clinker capacity of 3.5 million tonnes per annum (MTPA) and a cement capacity of 3 MTPA. With an investment of Rs 25 billion, this plant is expected to generate approximately 300 direct jobs and begin operations by 2025. The second project is a clinker grinding unit in Bengaluru Rural, with an investment of Rs 8.5 billion. The unit, which will have a capacity of 3 MTPA, will create 250 direct jobs and is scheduled to start operations in 2028.
The third major initiative is the development of another integrated cement plant at Kalaburagi district. This facility will have a clinker capacity of 3.5 MTPA and a cement capacity of 6 MTPA, built in two phases. This plant, which aligns with Shree Cement’s long-term vision for sustainable and operational excellence, is expected to be completed by 2030. These initiatives highlight Shree Cement’s commitment to expanding its footprint in the growing South Indian market and its dedication to Karnataka’s ambition of becoming an industrial and infrastructural hub. The investments will not only boost the cement production capabilities of the state but also offer a significant number of job opportunities, further fostering local economic development.
The Government of Karnataka has expressed its full support for these projects, with assurances to facilitate necessary permissions, registrations, and clearances for their smooth and timely execution. As part of its sustainability commitment, Shree Cement will incorporate advanced technologies in these projects to ensure environmentally responsible operations, contributing to the state’s overall development and its green growth initiatives. Shree Cement’s strategic investments in Karnataka reaffirm its role as a key player in India’s cement industry, poised to drive both regional industrial growth and contribute to the nation’s infrastructure needs.
