Established with an investment of approximately Rs 3,500 crore, the plant has a capacity to produce 3.5 million tonnes of Cement per annum.

The company has invested on a 33 MW waste heat recovery-based power plant which contributes to electricity generation without consuming fossil fuels, utilizing waste gases from the clinkerisation process.

Strategically situated in the North-Eastern part of Rajasthan, bordering the State of Haryana, the plant provides a strong logistical advantage and will help in reducing the delivered cost. This marks the start of the company's fifth integrated production facility, reinforcing its commitment to technological excellence and sustainable practices while developing above 80 million ton cement capacity.

Following this expansion, Shree Cement now has a network of five integrated facilities spanning Rajasthan, Chhattisgarh, and Karnataka. With the commencement of cement production at the Nawalgarh facility, the company's total cement production capacity in India has risen from 49.9 MTPA to 53.4 MTPA.

Neeraj Akhoury, managing director, Shree Cement, said: "In our pursuit to become a 80 million tonnes company by year 2028, we are excited to announce commissioning the kiln in our new integrated facility at Nawalgarh, Rajasthan. This facility is the most modern plant of the company and shall significantly boost the operational performance of the company.

Owing to its proximity, this facility is well suited to cater the high consumption cement markets of National Capital Region, Punjab and Haryana apart from strengthening the company’s customer servicing capability in Rajasthan.”

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 had reported 159.14% jump in standalone net profit to Rs 491.33 crore in Q2 FY24 as compared with Rs 189.60 crore in Q2 FY23. Revenue from Operations increased 21.26% YoY to Rs 4,584.63 crore in the second quarter of FY24.

The scrip rose 0.63% to currently trade at Rs 28730 on the BSE.