Star Cement rises on commencing commercial production from new clinker line in Meghalaya
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Star Cement is currently trading at Rs. 230.30, up by 2.10 points or 0.92% from its previous closing of Rs. 228.20 on the BSE.
The scrip opened at Rs. 231.45 and has touched a high and low of Rs. 232.20 and Rs. 223.70 respectively. So far 11858 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 241.85 on 27-Mar-2024 and a 52 week low of Rs. 110.00 on 26-Apr-2023.
Last one week high and low of the scrip stood at Rs. 232.20 and Rs. 215.10 respectively. The current market cap of the company is Rs. 9306.25 crore.
The promoters holding in the company stood at 66.59%, while Institutions and Non-Institutions held 7.63% and 25.78% respectively.
Star Cement has successfully commenced commercial production from New Clinker Line of 3.3 MTPA Capacity situated at Lumshnong, Meghalaya. The company has commenced commercial production on April 21, 2024.
Earlier, the company’s subsidiary -- Star Cement North East had started its commercial operation of the newly setup 2 MTPA Cement Grinding unit situated at Chamta Pathar, Sonapur, Kamrup, Assam.
Star Cement is engaged in the manufacturing and selling of Cement Clinker & Cement.
