Shree Cement suspends power plants due to lack of demand

Print this page

India: Low demand for power due to the 25 March 2020 – 31 August 2020 nationwide coronavirus lockdown has caused Shree Cement to suspend some of its power plant operations due to a lack of buyers. The Business Standard newspaper has reported that 300MW of Shree Cement’s 650MW power generation capacity produces power for sale to other users on the national grid. Joint managing director Prashant Bangur said, “Owing to the lockdown, power demand was impacted and some of our power capacities were shut. Power demand has not completely recovered yet. Right now, power plants are shut because there is no demand; viability is the second part.”

The first stage of lifting lockdown was announced on 1 June 2020.

Last modified on 19 August 2020

URL: https://globalcement.com/news/item/11227-shree-cement-suspends-power-plants-due-to-lack-of-demand

© 2021 Pro Global Media Ltd. All rights reserved.