Shree Cement to acquire 5 RMC plants. signs pact worth over Rs 33 crore
Cement sector major Shree Cement has signed an asset purchase agreement with StarCrete LLP. As per updates from The Economic Times, under the agreement, the firm would acquire 5 operational RMC (ready mix concrete) plants for Rs 33.50 crore.
The firm said that the strategic location of the RMC plants will facilitate entry into key construction projects in the Mumbai metropolitan region (MMR) and help in the growth of the RMC business. Shree Cement is actively working on setting up greenfield RMC plants at different locations and by the end of March 2024.
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