Shree Cement rises on inking pact with RITES to bolster rail infrastructure network
Shree Cement is currently trading at Rs 29475.00, up by 64.70 points or 0.22% from its previous closing of Rs 29410.30 on the BSE.
The scrip opened at Rs 29441.50 and has touched a high and low of Rs 29489.50 and Rs 29250.00 respectively. So far 111 shares were traded on the counter.
The BSE group 'A' stock of face value Rs 10 has touched a 52-week high of Rs 31924.55 on 20-May-2025 and a 52-week low of Rs 23500.15 on 12-Nov-2024.
Last one week high and low of the scrip stood at Rs 31434.00 and Rs 29215.00 respectively. The current market cap of the company is Rs 105691.34 crore.
The promoters holding in the company stood at 62.55%, while Institutions and Non-Institutions held 25.02% and 12.43% respectively.
Shree Cement has inked a five-year Memorandum of Understanding (MoU) with RITES to bolster the company’s rail infrastructure network, enabling efficient and sustainable transportation of raw materials and finished goods across its manufacturing units.
Under the terms of the agreement, RITES will provide end-to-end services from concept to commissioning - for upgrading, renovating, and establishing new rail connectivity. RITES will also assist the company in securing necessary approvals from the Ministry of Railways and other relevant authorities for civil, signal and telecom, overhead electrification, and mechanical engineering components.
Shree Cement is a leading cement manufacturer in North India and is engaged in the manufacturing and selling of cement and cement related products.
