"With this, the total cement capacity of the company alongwith its subsidiary now stands increased to 49.90 MTPA in India," Shree Cement said in a statement.

Shree Cement is one of India's top three cement producers. Its portfolio of products includes Shree Jung Rodhak Cement, Bangur Cement, Roofon and Rockstrong Cement.

The company reported 43.7% fall in net profit to Rs 276.77 crore despite of 14.6% jump in revenue from operations to Rs 4,068.79 crore in Q4 FY23 over Q4 FY22.

The scrip fell 0.63% to currently trade at Rs 23,898.70 on the BSE.