News: The board of Shree Cement has approved setting up of an Integrated cement Plant at Andhra Pradesh with a clinker capacity of 1.5 MT and cement capacity of 3 MT with total capex of Rs. 2500 crore (EV/t $112)
Views: While large cement players have already announced aggressive capacity expansion, this announcement by Shree Cement may further add to the negative repercussion on the pricing environment especially in AP, which already has excess cement capacity
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