Sahyadri Industries is currently trading at Rs. 77.00, up by 1.65 points or 2.19% from its previous closing of Rs. 75.35 on the BSE.
The scrip opened at Rs. 75.65 and has touched a high and low of Rs. 78.20 and Rs. 75.65 respectively. So far 2716 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 99.80 on 06-Jan-2015 and a 52 week low of Rs. 32.70 on 12-May-2014.
Last one week high and low of the scrip stood at Rs. 78.20 and Rs. 73.10 respectively. The current market cap of the company is Rs. 73.62 crore.
The promoters holding in the company stood at 66.44% while Institutions and Non-Institutions held 0.01% and 33.55% respectively.
Sahyadri Industries is planning to set-up Rs 140 crore ultra-modern non-asbestos flat sheets integrated plant at Vijayawada. In this regard, the Pune-based company signed a memorandum of understanding (MoU) with the Andhra Pradesh Government recently. The plant will produce non-asbestos flat sheets (NAFS) etc with an annual installed capacity of one lakh tonnes.
The unit will get its raw materials like cement and fly ash from within the State. Almost 25,000 tonnes of fly ash will be consumed helping the power plants in disposing off the waste.
Sahyadri Industries is a manufacturer of fibre cement corrugated and flat sheets and non-asbestos flat sheets which contributes 85 per cent of its total product portfolio. It has plants in Maharashtra, Andhra Pradesh, Tamil Nadu and Gujarat.
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