Shree Cement, the largest cement manufacturer in north India and among top five in the country, on Wednesday said it has got approval of the Central Electricity Regulatory Commission (CERC) to start inter-state trading business in power it produces at its merchant plant. The company has an installed captive capacity of 260 mw. An additional merchant capacity of 300 mw will be added by end of this financial year.
Shree Cement is determined to enhance its presence in the power sector value chain through its power business development division Shree Power Trading, which has been granted category-I inter-state power trading licence by the CERC.
HM Bangur, MD, Shree Cements, said: ?We are very pleased with this development and would like to provide our customers the best products and services in the new sector like our existing businesses.?
Shree Cement, which has been selling its surplus power for a while, will now start trading as an independent business activity through Shree Power Trading, which with the support of its experienced work force and expertise, has plans to emerge as a significant player. It will undertake power trading on a pan India basis by providing effective, reliable and pragmatic sale & purchase opportunities to different entities.