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India Cements planning to raise Rs 2000 crore through issue of securities

10 Aug 2017 Evaluate

India Cements is seeking shareholders approval to raise Rs 2000 crore through issue of securities. In this regard, the company’s Annual General Meeting will be held on September 04, 2017.

The company reported a net profit of Rs 26.44 crore during the quarter ended June 30, 2017, as against Rs 43.98 crore, a year ago. The company’s total income rose to Rs 1,466.75 crore during the first quarter from Rs 1,205.72 crore, a year ago.

India Cements is the largest producer of cement in South India and one of the largest cement manufacturer in the country.

Peers
Company Name CMP
Ultratech Cement 10799.00
Ambuja Cements 363.00
ACC 1183.15
Shree Cement 21871.80
Dalmia Bharat 1680.60
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