The cement producer is, in fact, planning production facilities outside Rajasthan in keeping with its expansion roadmap. "We are seeking mining rights in different states such as Madhya Pradesh and Tamil Nadu," a company official said. Shree Cement achieved a turnover of Rs 723 crore in the last financial year, recording a 19 per cent growth over the previous fiscal. The company, which held its annual general meeting today, is banking on high domestic demand for its sales growth. Commenting about the current state of Indian cement industry, B G Bangur, executive chairman of Shree Cement, said the cement industry was going through good times on the back of an increasing demand. "The demand for cement has grown at the annual rate of 6.75 per cent over the last two years and lower capacity additions during these years failed to keep pace with the growing demand," Bangur added. The rise in demand has so far been fed from the previous supply stocks.