Sagar Cements trades in green on the BSE

Sagar Cements trades in green on the BSE

by admin- Thursday, December 6th, 2018 04:04:04 PM

Sagar Cements is presently buying and selling at Rs. 682.00, up by means of eight.00 factors or 1.19% from its preceding final of Rs. 674.00 at the BSE.

The scrip opened at Rs. 694.45 and has touched a excessive and occasional of Rs. 694.50 and Rs. 680.Forty five respectively. So a long way 76 shares have been traded at the counter.

The BSE organization ‘B’ stock of face cost Rs. 10 has touched a 52 week high of Rs. 1,161.40 on 04-Jan-2018 and a 52 week low of Rs. 575.00 on 24-Oct-2018.

Last one week high and coffee of the scrip stood at Rs. 694.50 and Rs. 658.Forty respectively. The present day market cap of the business enterprise is Rs. 1399.24 crore.

The promoters protecting within the business enterprise stood at 50.05%, whilst Institutions and Non-Institutions held 17.51% and 32.Forty four% respectively.

Sagar Cements (SCL) has received approval to invest a sum of Rs 150 crore in Satguru Cement (SCPL), Indore in the kingdom of Madhya Pradesh, to set-up a green discipline cement production plant of 1 million ton capability along with waste warmness healing electricity plant at a total price of Rs 426 crore. SCL can be retaining 65% in the fairness percentage capital of SCPL on finishing touch of the above projects. The Board of Directors of the Company at its meeting held on December 5, 2018 has approved the same.

Similarly, the employer has also accredited a proposal to invest a sum of Rs 108 crore in Jajpur Cements (JCPL), Jajpur within the state of Odisha in a phased manner to acquire a hundred% shareholding In It and to set-up via It a green area grinding unit of 1.5 million ton ability in Jajpur at a complete fee of Rs 308.10 crore.

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