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Shree Cement surges on plan to ramp up capacity by another 10 mt in three years

28 Mar 2016 Evaluate

Shree Cement is currently trading at Rs. 12639.05, up by 152.20 points or 1.22% from its previous closing of Rs. 12486.85 on the BSE.

The scrip opened at Rs. 12460.00 and has touched a high and low of Rs. 12720.00 and Rs. 12460.00 respectively. So far 44 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 13344.90 on 23-Oct-2015 and a 52 week low of Rs. 9350.00 on 15-Jan-2016.

Last one week high and low of the scrip stood at Rs. 13148.05 and Rs. 11800.00 respectively. The current market cap of the company is Rs. 44295.53 crore.

The promoters holding in the company stood at 64.79% while Institutions and Non-Institutions held 29.00% and 6.21% respectively.

Shree Cement, the fourth largest in the sector, is looking to ramp up capacity by another 10 million tonnes (mt) in the coming three years. In this regard, the company has lined up a capital expenditure of Rs 6,000 crore to construct three new clinker plants.

The first in the line - a plant in the Baloda Bazar-Bhatapara district in Chhattisgarh, with a minimum capacity of three mt - will be announced in four months. The company has recently won a bid for limestone reserves at the Karhi-Chandi area in the state, through an e-auction in February. This block has an estimated reserve of 166 mt, with 80 mt cement-grade limestone.

Shree Cement is the leading cement manufacturing in North India. Its cement plants are located at Beawar, Ras, Khushkhera, Jobner and Suratgarh in Rajasthan and Laksar (Roorkee) in Uttarakhand.

 

 

Shree Cement Share Price

25575.30 113.75 (0.45%)
21-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Ultratech Cement 12032.20
Ambuja Cement 456.35
ACC 1438.00
Shree Cement 25575.30
Dalmia Bharat 1989.95
View more..

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