Shree Cement wins bid for Maharashtra limestone mine

Shree Cement, India's third largest cement manufacturer, has secured a limestone mine in Maharashtra. The mine, with estimated reserves of 50 million tonnes, could cater to raw material requirements for a 1.5 million tonne per annum cement manufacturing plant, according to industry experts. The mine will require the winning concessionaire to gain environmental and forest-related clearance. Shree Cement has offered 27% of the total limestone value evacuated from the site, plus monthly royalties.

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