Orient Cement gains on commissioning 2nd phase of waste heat recovery system at Chittapur Plant
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Orient Cement is currently trading at Rs. 220.50, up by 0.25 points or 0.11% from its previous closing of Rs. 220.25 on the BSE.
The scrip opened at Rs. 220.65 and has touched a high and low of Rs. 226.85 and Rs. 217.50 respectively. So far 78866 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 293.75 on 02-Feb-2024 and a 52 week low of Rs. 120.50 on 19-May-2023.
Last one week high and low of the scrip stood at Rs. 256.25 and Rs. 205.85 respectively. The current market cap of the company is Rs. 4474.33 crore.
The promoters holding in the company stood at 37.90%, while Institutions and Non-Institutions held 22.91% and 39.19% respectively.
Orient Cement has commissioned 2nd phase of Waste Heat Recovery System (WHRS) at its Chittapur Integrated Cement Plant to utilize the waste heat available from the pyroprocessing system. Preheater Boiler along with already operational AQC Boiler, Turbine and Air Cooled Condenser is successfully commissioned. Overall, gross power generation capacity of WHRS, after the commissioning of 2nd phase is 10.1 MW.
Orient Cement has emerged as one of the fastest growing and leading cement manufacturers in India.
