Shree Cement to build plant in Karnataka for Rs1,800 crore

Shree Cement’s board approved the payment of a special dividend of Rs100 per share


Shree Cement’s shares fell 1.3% to Rs15,677.30 on BSE in a flat market.
Shree Cement’s shares fell 1.3% to Rs15,677.30 on BSE in a flat market.

Kolkata: Shree Cement Ltd on Monday said its board had approved a plan to build a 3 million tonne plant in Karnataka at a cost of Rs1,800 crore.

The proposed plant is expected to be ready by the quarter ending 31 December 2018, the company said in a regulatory filing.

The project is to be funded by internal accruals.

Shree Cement’s board also approved on Monday the payment of a special dividend of Rs100 per share.

The company’s shares fell 1.3% to Rs15,677.30 on BSE in a flat market.

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