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Shree Cement has had a Bank Guarantee of Rs. 3.63 crore encashed by the Ministry of Coal due to delay in mining plan approval for its Datima Coal Mine project. The company missed the initial milestone but is actively working to secure mining plan approval, environmental clearance, and other requirements by the extended deadline in 2027. This penalty is recoverable upon meeting these milestones. The impact on Shree Cement’s financials and operations is minimal.