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Heidelberg Cement shines on successfully concluding expansion project at UP

17 Jan 2013 Evaluate

Heidelberg Cement is currently trading at Rs. 52.85, up by 0.75 points or 1.44% from its previous closing of Rs. 52.10 on the BSE.

The scrip opened at Rs. 53.10 and has touched a high and low of Rs. 54.00 and Rs. 52.40 respectively. So far 24,000 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 60.05 on 07-Dec-2012 and a 52 week low of Rs. 26.55 on 16-May-2012.

Last one week high and low of the scrip stood at Rs. 57.15 and Rs. 51.50 respectively. The current market cap of the company is Rs. 1,197 crore.

The promoters holding in the company stood at 68.55% while Institutions and Non-Institutions held 9.55% and 21.90% respectively.

Heidelberg Cement has successfully completed and commissioned the expansion project at Jhansi in Uttar Pradesh. The commercial production from the new grinding mill has commenced on January 16, 2013. The project has installation of vertical roller mill from world renowned cement equipment supplier, Loesche GmbH. It has enhancement of packing and dispatch capacities by installation of new packers and consists of 5 Kms long 132 KV Power transmission line.

After the aforesaid expansion, the cement manufacturing capacity of Jhansi unit stands increased from 0.8 million tonnes per annum (MTPA) to 2.7 MTPA funded through mix of internal accruals and debt.  Besides, the expansion will enable the company to increase its market share in Central India, and also increase deliveries in other markets including Bihar, Punjab, Haryana, Delhi and Uttarakhand.

Promoted by Heidelberg Cement Group Company, Heidelberg Cement India is one of the leading producers of building materials worldwide. The company manufactures portland slag cement and portland pozzolana cement. The company has manufacturing facilities located at Ammasandra (Karnataka), Damoh (MP) and Jhansi (UP) and has total production capacity of 5.9 million tonnes per annum.

Heidelberg Cement Share Price

160.10 1.65 (1.04%)
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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