Shree Cement announced that the company has commissioned a grinding unit of 2 million tons per annum (MTPA) capacity at Aurangabad in Bihar on June 30, 2014.

The stock had underperformed the market over the past one month till Jun. 30, 2014, falling 3.33% compared with the Sensex's 4.94% rise.

It underperformed the market in past one quarter, gaining 13.26% as against 13.52% rise in the Sensex.

Shares of the company declined Rs 81.45, or 1.12%, to trade at Rs 7,165 at the BSE (2.42 p.m., Tuesday).