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Shree Cement’s MP plant stuck over land issue. Feb 23, 2008 Shree Cement, the Rs 1,500 crore company, has acquired almost 90% of the required 1,200 acres in Katni in Madhya Pradesh for the plant, but is facing problems over the acquisition of around one acre land in the middle of the project area, which the farmers do not want to sell, a source close to the development said.

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Shree successfully completes QIP allotment of Rs. 2400 crore. Raised capital first time since 1997. Paid up equity capital stands increased to Rs. 36.08 crore from Rs. 34.83 crore.

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