Kolkata-based Shree Cement Ltd has announced its plan to raise up to Rs 700 crore through non-convertible debentures (NCDs) on a private placement basis. The base issue size is set at Rs 350 crore, with an option to retain oversubscription of up to an additional Rs 350 crore, as disclosed in an exchange filing. This fundraising initiative is part of Shree Cement’s larger Rs 7,000-crore capital expenditure plan for expanding its capacity by an additional 12 million tonnes. The company aims to increase its capacity to over 70 million tonnes in the coming years, with the current installed capacity standing at around 45 million tonnes.