Mangalam Cement rises on commencing commercial production at Aligarh plant

20 Sep 2016

Mangalam Cement is currently trading at Rs. 346.55, up by 12.05 points or 3.60% from its previous closing of Rs. 334.50 on the BSE.

The scrip opened at Rs. 345.00 and has touched a high and low of Rs. 350.00 and Rs. 345.00 respectively. So far 15,000 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 375.15 on 23-Aug-2016 and a 52 week low of Rs. 151.10 on 25-Feb-2016.

Last one week high and low of the scrip stood at Rs. 351.30 and Rs. 330.00 respectively. The current market cap of the company is Rs. 925.07 crore.

The promoters holding in the company stood at 13.28%, while Institutions and Non-Institutions held 16.21% and 70.51% respectively.

Mangalam Cement has commenced Commercial Production of the New Cement Grinding Unit with a capacity of 0.75 Million Ton Per Annum (MTPA) at Aligarh, Uttar Pradesh. The overall capacity is now enhanced from 3.25 MTPA to 4.00 MTPA.

Mangalam Cement is a cement manufacturing company.  As a B.K. Birla Group wing, the company is producing cement in 43 grades, 53 grades and Portland Pozzolana Cement (PPC) using the dry process and marketing under the brand name of ‘Birla Uttam’.


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