Shree Cements To Invest Seven Thousand Crore Rupees In Andhra Pradesh Plants

<b>Shree Cements</b>, the country's third-largest cement producer, has announced plans to invest ₹7,000 crore to set up new manufacturing plants across various districts in Andhra Pradesh, including Kadapa, Anakapalli, and Guntur. According to company Vice President Sumanth Gautham, who spoke at the CII Partnership Summit, the investment decision was driven by the favorable business environment and attractive incentives offered by the state's coalition government led by Chief Minister N. Chandrababu Naidu. The firm currently boasts an annual production capacity of 75 million metric tonnes of cement.