Shree Cement surges on emerging as highest bidder for Datima Coal Mine Block in Chattisgarh

28 Feb 2023 Evaluate

Shree Cement is currently trading at Rs. 26100.00, up by 333.85 points or 1.30% from its previous closing of Rs. 25766.15 on the BSE.

The scrip opened at Rs. 25702.05 and has touched a high and low of Rs. 26203.35 and Rs. 25649.00 respectively. So far 1267 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 27013.00 on 21-Feb-2023 and a 52 week low of Rs. 17900.00 on 20-Jun-2022.

Last one week high and low of the scrip stood at Rs. 26505.15 and Rs. 24900.00 respectively. The current market cap of the company is Rs. 93774.04 crore.

The promoters holding in the company stood at 62.55%, while Institutions and Non-Institutions held 24.45% and 13.00% respectively.

Shree Cement has emerged as the highest bidder for Datima Coal Mine Block, located in Surajpur Tehsil in Surguja District of State of Chattisgarh under 15th Tranche of Auction of coal block conducted by Ministry of Coal, Govt. of India on February 27, 2023. The mine has geological reserves of 13.30 million tonnes. The official confirmation from Govt. of Chhattisgarh declaring Shree Cement as the winner of the above deposit is awaited.

The company has participated in the coal block auction with an intent of creating fuel security through long-term fuel supply sourcing options for its operations while having flexibility to use the coal for other commercial purposes as well

Shree Cement is a rapidly growing Company focused on its core business of Cement & Power. Currently, its manufacturing operations are spread over North and Eastern India across six states.


Shree Cement Share Price

25539.20 -129.80 (-0.51%)
17-May-2024 10:48 View Price Chart
Peers
Company Name CMP
Ultratech Cement 9821.30
Ambuja Cement 614.40
ACC 2498.45
Shree Cement 25539.20
Dalmia Bharat 1793.50
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