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Shree Cement strengthens on plans of setting up 3 mtpa cement grinding mill

09 Jun 2014 Evaluate

Shree Cement is currently trading at Rs. 7866.50, up by 238.55 points or 3.13% from its previous closing of Rs. 7627.95 on the BSE.

The scrip opened at Rs. 7700.00 and has touched a high and low of Rs. 7981.50 and Rs. 7678.75 respectively. So far 9679 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 7955.00 on 05-Jun-2014 and a 52 week low of Rs. 3412.65 on 28-Aug-2013.

Last one week high and low of the scrip stood at Rs. 7955.00 and Rs. 6810.00 respectively. The current market cap of the company is Rs. 27805.33 crore.

The promoters holding in the company stood at 64.79%, while Institutions and Non-Institutions held 14.91% and 20.30% respectively.

Shree Cement is planning to set up a three million tonne per annum (mtpa) cement grinding mill at Odapada in Dhenkanal district. In this regard, the company will invest around Rs 452.55 crore. The cement maker has selected the site as it can use fly ash generated from power plants concentrated in Dhenkanal district.

The proposed mill would require around 60 acres of land and the Odisha Industrial Infrastructure Development Corporation (Idco) has asked the district administration to identify a suitable piece of land for the cement mill.

Shree Cement (SCL), belonging to B G Bangur - H M Bangur faction of Bangur family of Kolkata, is engaged in manufacturing of cement and power generation. SCL’s eight cement plants in Rajasthan and one grinding unit in Uttrakhand have an aggregate capacity of 13.5 millionn tonnes p.a. 

Shree Cement Share Price

25301.95 198.70 (0.79%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Ultratech Cement 11887.30
Ambuja Cement 458.95
ACC 1431.85
Shree Cement 25301.95
Dalmia Bharat 1972.55
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