India Cements shines on expanding capacity in Rajasthan

15 Feb 2013

India Cements is currently trading at Rs 82.00, up by 1.70 points or 2.12% from its previous closing of Rs 80.30 on the BSE.

The scrip opened at Rs. 80.55 and has touched a high and low of Rs 82.45 and Rs 79.80 respectively. So far 10653 shares were traded on the counter.

The BSE group 'B' stock of face value Rs 10 has touched a 52 week high of Rs 118.50 on 28-Mar-2012 and a 52 week low of Rs 70.90 on 22-May-2012.

Last one week high and low of the scrip stood at Rs. 87.00 and Rs. 78.50 respectively. The current market cap of the company is Rs 2466.64 crore.

The promoters holding in the company stood at 28.23% while Institutions and Non-Institutions held 47.73% and 21.17% respectively.

In a bid to meet growing demand in Gujarat and Madhya Pradesh, Cement major India Cements is looking at expanding its capacity in Rajasthan. The expansion will attract a capex of around Rs 700 crore.

At present, the Rajasthan plant’s capacity is around 1.3 million tones and company is planning to add one more line with similar capacity. The expansion would help the company to cater Gujarat and Madhya Pradesh markets.

India Cements’ current manufacturing capacity is 15.5 MT with plants in Tamil Nadu, Andhra Pradesh and Rajasthan. At present the company's capacity utilisation is around 70% in South India, which reported a flat growth, while all India demand grew by 6%.

Related The India Cements Ltd. Links:

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116.80 0.85 (0.73%) Oct 29, 15:23
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