Shree Cement to set up cement plant in AP
A delegation of Shree Cement led by its MD HM Bangur and JMD Prasanth Bangur met Chief Minister YS Jagan Mohan Reddy and held discussions on setting up greenfield Cement plant at Pedagarlapadu village in Dachepalli mandal of Guntur district at an estimated cost of Rs1,500 crore.
image for illustrative purpose
Vijayawada: A delegation of Shree Cement led by its MD HM Bangur and JMD Prasanth Bangur met Chief Minister YS Jagan Mohan Reddy and held discussions on setting up greenfield Cement plant at Pedagarlapadu village in Dachepalli mandal of Guntur district at an estimated cost of Rs1,500 crore.
During the meeting at camp office here on Monday, the Chief Minister discussed how Andhra Pradesh is best destination for investments and also about incentives being given to industrial sector in the State.
Shree Cement has manufacturing and allied products plants in nine States and it will be setting up first plant in Andhra Pradesh and the plan is prepared to complete the project in 24 months.
Speaking on the occasion, Shree Cement MD Bangur said the Chief Minister has been working wholeheartedly to improve the position of the State and added that the Chief Minister was working like a CEO of a company.
He said the Chief Minister wished people to develop and earn more and added that he also wants industrialisation and income generation in the State. He said that they are setting up the cement plant in the State as the growth rate is higher than the national growth rate and it will improve more in the future with the vision of the Chief Minister.
MP PV Mithun Reddy, Shree Cement President (Commercial) Sanjay Mehta, GM GVN Sridhar Raju, Manager Venkat Ramana and Assistant Manager Simhadri Rajashekar were present.
