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Informist, Tuesday, Dec. 23, 2025

--Shree Cement withdrew lockout at Chhattisgarh unit on Monday 

--Shree Cement: Mgmt, workers at Chhattisgarh plant reached a settlement

MUMBAI – Shree Cement Ltd. withdrew the lockout of the Baloda Bazar plant in Raipur, Chhattisgarh, after the company's management and workers reached a settlement. Both parties had reached a settlement on Monday at 1100 IST, according to a filing Tuesday.

The plant was under a lockout since Thursday due to a strike by workers, demanding better working conditions, timely payment of wages, and implementation of safety precautions at the plant. The company said it lost around 10,000 tonnes of production per day between Thursday and Monday.

Shree Cement's Baloda Bazar plant has been in focus due to an alleged gas leak incident linked to its operations, owing to which 38 students at a nearby government school fell sick last year. Since then, locals have raised concerns about pollution and safety, while workers and their families also demanded measures to address these concers, according to reports.

For the September quarter, Shree Cement reported a net profit of INR 2.77 billion on revenue of INR 43.03 billion. At 1345 IST, the company's shares traded at INR 26,000 on the National Stock Exchange, up just over 1%.  End

IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT

Reported by Anshul Choudhary

Edited by Avishek Dutta

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