9APRIL 2026SHREE CEMENT TO INVEST RS 1,800 CR FOR MEGHALAYA PLANT EXPANSIONJINDAL STEEL EXPANDS SYNGAS USE TO REDUCE FUEL IMPORTS AND EMISSIONSShree Cement is planning to invest Rs 1,800 crore for its in Meghalaya plant expansion. This marks a major expansion as the company moves into India's Northeast with a new integrated facility.The investment in Meghalaya plant will see the company set up operations in East Jaintia Hills, signaling Jindal Steel expands syngas use as part of a major push to reduce fuel imports and lower carbon emissions, marking a significant shift in how the company powers its operations.The Jindal Steel expands syngas use strategy focuses on replacing imported fuels with domestically produced synthetic gas, helping the company control costs and improve energy security.its entry into a region with rising infrastructure demand.Shree Cement said the board has approved an investment of Rs 1,800 crore to establish a greenfield integrated cement plant in Daistong village, Meghalaya.The project will include clinker capacity of 0.95 million tonnes per annum and cement capacity of 0.99 million tonnes per annum. The company plans to fund the project through a mix of internal accruals and debt, aligning with its broader expansion strategy.The investment is expected to be completed by March 2028. This move positions the company to tap into growing construction activity across the Northeast, where demand is being driven by infrastructure development, housing projects, and improved connectivity.With this project, Shree Cement aims to strengthen its presence in eastern India while reducing logistics costs by producing closer to consumption centers. The company currently does not have an operational base in Meghalaya, making this a strategic entry into a new market.The investment reflects Shree Cement's focus on expanding into high-growth regions with lower competitive intensity. As infrastructure spending continues to rise in the Northeast, the new plant is expected to improve supply efficiency and support regional development. The company has scaled up the use of syngas, produced through coal gasification, across multiple processes in its steel plants.This includes its direct reduced iron (DRI) units, galvanizing lines, and other high-temperature operations that traditionally depend on imported natural gas or coking coal. By switching to syngas, Jindal Steel is reducing its exposure to volatile global fuel markets.This move is also aligned with India's broader push for energy self-reliance. By using locally available coal to produce syngas, the company is cutting down on foreign exchange outflows and ensuring a more stable fuel supply for long-term operations. The initiative reflects a growing trend in the steel industry toward alternative fuels and localized energy solutions.In addition to cost benefits, the environmental impact is a key driver. The expanded syngas use is expected to lower emissions intensity compared to conventional fossil fuels. This positions Jindal Steel better in global markets where low-carbon steel production is becoming increasingly important due to tightening environmental regulations.With this expansion, Jindal Steel is not only strengthening its operational efficiency but also setting a precedent for cleaner and more sustainable steelmaking practices in India.
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