Shree Cement rises on starting commercial production at Clinkerisation unit in Chhattisgarh
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Shree Cement is currently trading at Rs. 23480.35, up by 292.30 points or 1.26% from its previous closing of Rs. 23188.05 on the BSE.
The scrip opened at Rs. 23298.30 and has touched a high and low of Rs. 23742.20 and Rs. 23298.30 respectively. So far 371 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 32050.00 on 09-Apr-2021 and a 52 week low of Rs. 21667.50 on 07-Mar-2022.
Last one week high and low of the scrip stood at Rs. 23742.20 and Rs. 22902.70 respectively. The current market cap of the company is Rs. 85001.91 crore.
The promoters holding in the company stood at 62.55%, while Institutions and Non-Institutions held 23.55% and 13.90% respectively.
Shree Cement has started commercial production at Clinkerisation unit (Kiln-3) having capacity of 12000 tonnes per day (4 million tonnes per annum) at Raipur in Chhattisgarh. The company has commenced production from March 28, 2022.
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.
