Shree Cement Hits Production Snag: 10,000 TPD Lockout Rocks Chhattisgarh Plant!

Shree Cement's management invoked the lockout at its key facility in Baloda Bazar, Raipur district, Chhattisgarh, following nine days of worker strikes led by INTUC union. The plant, part of Shree Raipur Cement operations, now faces complete production shutdown until further notice, impacting clinker and cement output significantly.​​

Key Highlights

Daily Loss Estimate: Approximately 10,000 tons of cement production disrupted, based on normal operations; exact financial impact under evaluation.​

Strike Trigger: 1,300 workers protested for overtime double pay, minimum wages, promotions, bonuses, and other 7-point demands deemed unlawful by management.​

Lockout Reasons: Cited raw material shortages, production halts, and strike violations of industrial acts and service agreements.​​

Worker Policy: "No work, no pay" enforced during lockout; political support from Bhatapara MLA Indra Saw urging dialogue.​

Implications

This disruption could strain Shree Cement's supply chain in central India, amid prior regional protests over mining expansions. Investors watch for resolution as Q4 demand peaks.​

Sources: Business Upturn, BSE India (via Rediff Money), YouTube ground reports.​