Shree Cement has been declared the preferred bidder for the Dommarnandyala-1 limestone block in Andhra Pradesh. The block, located in the YSR Kadapa District, covers an area of 373 hectares and was auctioned by the Government of Andhra Pradesh.
The announcement was made following Shree Cement‘s participation in an e-auction conducted by the state government. The company’s successful bid marks a significant step in expanding its resource base, particularly in the strategically important limestone sector.
This development aligns with Shree Cement’s ongoing efforts to enhance its raw material security, ensuring a steady supply of limestone, which is a critical component in cement production. The acquisition of this block is expected to bolster the company’s operational capabilities and support its long-term growth objectives.
Shree Cement, known for its strong market presence and extensive production facilities, continues to focus on strategic resource acquisitions to maintain its competitive edge in the cement industry.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).