Shree Cement rises on commissioning largest Kiln with capacity of 11,500 tonnes per day
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Shree Cement is currently trading at Rs. 28730.00, up by 180.15 points or 0.63% from its previous closing of Rs. 28549.85 on the BSE.
The scrip opened at Rs. 28661.30 and has touched a high and low of Rs. 28780.90 and Rs. 28470.00 respectively.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 28943.95 on 13-Dec-2023 and a 52 week low of Rs. 21433.25 on 27-Jan-2023.
Last one week high and low of the scrip stood at Rs. 28943.95 and Rs. 27558.35 respectively. The current market cap of the company is Rs. 103501.23 crore.
The promoters holding in the company stood at 62.55%, while Institutions and Non-Institutions held 24.76% and 12.68% respectively.
Shree Cement has commissioned one of the largest Kiln at its new integrated production facility in Nawalgarh, Rajasthan. Boasting a remarkable rated capacity of 11,500 tonnes per day, this kiln stands among one of the highest capacity units in world. Equipped with cutting-edge technology, the kiln facilitates multi-fuel operations, including usage of alternative fuels and ensures energy efficiency.
Established with an investment of around Rs 3,500 crore, the plant has a capacity to produce 3.5 million tonnes of Cement per annum. The company has invested on a 33 MW waste heat recovery-based power plant which contributes to electricity generation without consuming fossil fuels, utilizing waste gases from the clinkerisation process. Strategically situated in the North-Eastern part of Rajasthan, bordering the State of Haryana, the plant provides a strong logistical advantage and will help in reducing the delivered cost. This marks the start of the company's fifth integrated production facility, reinforcing its commitment to technological excellence and sustainable practices while developing above 80 million tonnes cement capacity.
Following this expansion, Shree Cement boasts a network of five integrated facilities spanning Rajasthan, Chhattisgarh, and Karnataka. With the commencement of cement production at the Nawalgarh facility, the company's total cement production capacity in India has risen from 49.9 MTPA to 53.4 MTPA, solidifying its position as a key player in the cement industry.
Shree Cement is a rapidly growing Company focused on its core business of Cement & Power.
