Business Update19 Dec 2025, 08:08 am
Shree Cement Declares Lockout at Baloda Bazar Plant Due to Workmen Non-Cooperation
AI Summary
Shree Cement Ltd has declared a lockout at its Cement Plant situated at Baloda Bazar, Raipur, Chhattisgarh due to non-cooperation of workmen. The lockout is effective from 18th December 2025. The company is monitoring the situation and will provide updates on further developments. The estimated loss of cement production is around 10,000 Ton per day. The company is ascertaining the loss caused by the lockout, which is covered by insurance. The lockout was announced due to non-cooperation of workmen.
Key Highlights
- Shree Cement declares lockout at Baloda Bazar plant
- Lockout due to non-cooperation of workmen
- Estimated loss of cement production is 10,000 Ton per day
- Loss covered by insurance
- Company monitoring the situation