Shree Cement Ltd. will invest ₹7,000 crore to establish cement manufacturing plants in Andhra Pradesh, with proposed facilities in Kadapa, Anakapalli and Guntur districts. The investment plan was outlined by Sumanth Gautham, Vice President of Shree Cement, on the sidelines of the CII Partnership Summit in Visakhapatnam on November 12.
The company’s decision follows the incentives offered by the coalition government led by Chief Minister N. Chandrababu Naidu and the state’s investment-friendly business environment. Gautham said the incentives and support extended to investors had influenced the company’s decision to expand its manufacturing presence in Andhra Pradesh.
He also expressed satisfaction with the pace of land allotment for industrial projects in the state, noting that the process was progressing quickly and encouraging companies to establish operations there.
Shree Cement, promoted by the Bangur family, currently has an installed production capacity of approximately 75 million tonnes per annum (MTPA), making it the country’s third-largest cement producer by capacity. Besides its Indian operations, the company also has manufacturing facilities in the UAE.
The proposed investment is aligned with Shree Cement’s plan to take its overall production capacity beyond 80 MTPA in the coming years. The company has been expanding its manufacturing footprint to strengthen its presence across regional markets and cater to demand from infrastructure, housing and construction activities.
According to CRISIL Ratings, India’s cement industry had an estimated installed capacity of 720-730 MTPA as of March 2026. Cement manufacturers are pursuing greenfield projects and brownfield expansions amid expectations of sustained demand growth, supported by infrastructure spending, housing development, road construction and rural demand.