Heidelberg Cement surges on increasing clinker manufacturing capacity

18 Feb 2013

Heidelberg Cement is currently trading at Rs. 44.45, up by 1.00 points or 2.30% from its previous closing of Rs. 43.45 on the BSE.

The scrip opened at Rs. 43.70 and has touched a high and low of Rs. 44.95 and Rs. 42.50 respectively. So far 22892 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. 49.80 and Rs. 40.20 respectively. The current market cap of the company is Rs. 988.03 crore.

The promoters holding in the company stood at 68.55% while Institutions and Non-Institutions held 11.56% and 19.89% respectively.

Heidelberg Cement India has successfully completed and commissioned the expansion project at Damoh (MP) which comprises of increase of clinker manufacturing capacity at its unit Narsingarh, district Damoh from 1.2 to 3.1 million tonnes per annum and increase of cement capacity at Imlai, district Damoh from 1.0 to 2.0 million tonnes per annum.

The commercial production from the new units has commenced with effect from February 18, 2013. The expanded capacity will enable the company to increase its market share in Central India, where the company’s brand ‘mycem’ is already a premium brand and the expanded cement capacity of Heidelberg Cement India will become 6 million tonnes per annum.

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.   

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