SHREE CEMENT LTD.
NSE : SHREECEMBSE : 500387ISIN
CODE : INE070A01015Industry : Cement & Construction MaterialsHouse
: Shree Cement
BSE25554.40-191.75 (-0.74 % )
PREV CLOSE (Rs.) 25746.15
OPEN PRICE (Rs.) 26261.50
BID PRICE (QTY) 0.00 (0 )
OFFER PRICE (QTY) 0.00 (0 )
VOLUME 1058
TODAY'S LOW / HIGH (Rs.)
52 WK LOW / HIGH (Rs.)
NSE25537.00 -209.55 (-0.81 % )
PREV CLOSE(Rs.) 25746.55
OPEN PRICE (Rs.) 26100.00
BID PRICE (QTY) 0.00 (0 )
OFFER PRICE (QTY) 25537.00 (12 )
VOLUME 51843
TODAY'S LOW / HIGH(Rs.)
52 WK LOW / HIGH (Rs.)
Company News
| Date | Heading | Details |
|---|---|---|
| 10-Apr-2024 | Shree Cement informs about compliance certificate | <div style="text-align: justify;">Shree Cement has informed that all the activities in relation to both physical and electronic share transfer facility are maintained by the share transfer agent Link Intime India a Category-I, Registrar & Share Transfer Agent (RTA), Registered with the Securities and Exchange Board of India (SEBI) vide Registration Number: INR000004058 to act as Registrar and Share Transfer Agents. They are submitting the certificate for the year ended on 31st March, 2024, 1st April, 2023 to 31st March, 2024.</div><div style="text-align: justify;"><br></div><div style="text-align: justify;">The above information is a part of company's filings submitted to BSE.</div><div><br></div> |
| 03-Apr-2024 | Shree Cement inaugurates new integrated cement plant in Andhra Pradesh | <p style="text-align: justify;">Shree Cement has inaugurated its new integrated plant at Dachepalli village, Guntur, Andhra Pradesh, six months ahead of schedule. The new plant has cement production capacity of 3 MTPA. The new plant will propel Shree Cement's manufacturing capacity to 56.4 MTPA, further solidifying its position as a key player in the cement industry. </p><p style="text-align: justify;">Built with an investment of Rs 2,500 crore, the Guntur plant will be Shree Cement's sixth integrated production facility in the country and second in the Southern region after Kodla in Karnataka. Located strategically to cater to the growing markets of Telangana and Andhra Pradesh, the plant will contribute to the economic development of the region. The new unit is expected to generate around 700 direct jobs and 1300 indirect jobs. </p><p style="text-align: justify;">Shree Cement is engaged in the manufacturing and selling of cement and cement related products. It is recognized as one of the most efficient and environment friendly company in the global cement industry.</p><div style="text-align: justify;"><br></div> |
| 22-Mar-2024 | Shree Cement launches Bangur Concrete with commissioning of Greenfield RMC plant in Hyderabad | <p style="text-align: justify;">Shree Cement has launched Bangur Concrete with the commissioning of its first Greenfield Ready Mix Concrete (RMC) plant in Hyderabad. The commissioning of the state-of-the-art unit aligns with the company's vision to emerge as a multi-product player in the core cement business. As part of this strategy, Shree Cements had acquired five operational plants of StarCrete LLP in Mumbai earlier this month for a consideration of Rs 33.5 crore. The company's combined RMC capacity now stands at 512 cubic meters per hour.</p><p style="text-align: justify;">Bangur Concrete upholds Shree Cement's commitment to innovation, quality and engineering capabilities. Using enhanced technology and automated operations, the special concrete product offerings cater to diverse applications and structures. The product range includes high-performance concrete for superior durability, self-compacting concrete for use in heavily reinforced structures, temperature-controlled concrete for large-scale concreting needs and stamped concrete for ornamental pathways and walkways.</p><p style="text-align: justify;">Shree Cement is engaged in the manufacturing and selling of cement and cement related products. It is recognized as one of the most efficient and environment friendly company in the global cement industry.</p><div style="text-align: justify;"><br></div> |
| 13-Mar-2024 | Shree Cement inches up on inking asset purchase agreement with Starcrete | <p>Shree Cement is currently trading at Rs. 25027.35, up by 84.85 points or 0.34% from its previous closing of Rs. 24942.50 on the BSE.</p><p>The scrip opened at Rs. 24986.80 and has touched a high and low of Rs. 25485.85 and Rs. 24942.45 respectively. So far 171 shares were traded on the counter.</p><p>The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 30710.15 on 01-Feb-2024 and a 52 week low of Rs. 22601.30 on 26-Jun-2023.</p><p>Last one week high and low of the scrip stood at Rs. 25485.85 and Rs. 24570.10 respectively. The current market cap of the company is Rs. 89994.41 crore.</p><p>The promoters holding in the company stood at 62.55%, while Institutions and Non-Institutions held 24.85% and 12.60% respectively.</p><p>Shree Cement has signed an asset purchase agreement with Starcrete LLP, a limited liability partnership registered in Mumbai, to acquire 5 operational Ready-Mix Cement (RMC) plants, under an Asset Purchase Agreement, having an aggregate capacity of 422 CUM/hr at an aggregate consideration of Rs 33.50 crore. These plants are located in high growth RMC markets of Mumbai Metropolitan Region (MMR). </p><p>With this asset purchase, the company has announced its foray into the RMC business. The strategic location of the RMC plants will facilitate entry into key construction projects in MMR and help in growth of the RMC business of the company. The company is actively working on setting up Greenfield RMC plants at different locations. By end of March 2024, the company also aims to mark its Greenfield footprint in RMC business. </p><p>Shree Cement is engaged in the manufacturing and selling of cement and cement related products. It is recognized as one of the most efficient and environment friendly company in the global cement industry.</p><div><br></div> |
| 13-Mar-2024 | Shree Cement informs about press release | <div>Shree Cement has informed that it enclosed copies of the newspaper advertisements published today, in the Business Standard (English) and Dainik Navajyoti (Hindi). The above mentioned advertisements have been published in the matter of the Scheme of Amalgamation of Shree Cement North and Shree Cement East into and with Shree Cement.</div><div><br></div><div>The above information is a part of company's filings submitted to BSE.</div><div><br></div> |
| 12-Mar-2024 | Shree Cement inks asset purchase agreement with Starcrete | <p style="text-align: justify;">Shree Cement has signed an asset purchase agreement with Starcrete LLP, a limited liability partnership registered in Mumbai, to acquire 5 operational Ready-Mix Cement (RMC) plants, under an Asset Purchase Agreement, having an aggregate capacity of 422 CUM/hr at an aggregate consideration of Rs 33.50 crore. These plants are located in high growth RMC markets of Mumbai Metropolitan Region (MMR). </p><p style="text-align: justify;">With this asset purchase, the company has announced its foray into the RMC business. The strategic location of the RMC plants will facilitate entry into key construction projects in MMR and help in growth of the RMC business of the company. The company is actively working on setting up Greenfield RMC plants at different locations. By end of March 2024, the company also aims to mark its Greenfield footprint in RMC business. </p><p style="text-align: justify;">Shree Cement is engaged in the manufacturing and selling of cement and cement related products. It is recognized as one of the most efficient and environment friendly company in the global cement industry.</p><div style="text-align: justify;"><br></div> |
| 05-Feb-2024 | Clarification On News Item Which Appeared In The Https | Clarification on news item which appeared in the https://www.moneycontrol.com/ date 05th Feb 2024 captioned "I-T Department issues final notice to Shree Cement after tax liability probe of Rs 4000 Crore" |
| 22-Jan-2024 | Shree Cement informs about commencement of commercial production | <p style="text-align: justify;">Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements), Regulations, 2015, and in continuation to letter dated 14th December, 2023, Shree Cement has informed that Company has today (i.e. on 22nd January, 2024) started commercial production at Nawalgarh cement plant situated at Village Gothra in Nawalgarh Tehsil of Rajasthan.</p><div>The above information is a part of company's filings submitted to BSE.</div> |
| 18-Jan-2024 | Shree Cement submits analyst meet intimation | <div style="text-align: justify;">Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Shree Cement has informed that ICICI Securities is hosting a Conference Call on Wednesday, 31st January, 2024 at 5:30 PM (IST) on the Financial Results of the Company for Quarter and Nine Months ended on 31st December, 2023. Further details in respect of the same are attached.</div><div style="text-align: justify;"><br></div><div style="text-align: justify;">The above information is a part of company's filings submitted to BSE.</div> |
| 05-Jan-2024 | DCM Shriram, REC and Rainbow Children's Medicare to see some action today | <p style="text-align: justify;"><b>DCM Shriram</b> has signed a Memorandum of Understanding (MoU) with the Government of Gujarat to invest a proposed Rs 12,000 crore in manufacturing of Chemical and Petrochemicals products in the Bharuch by 2028. The company currently has significant Chlor Alkali facilities in Bharuch, Gujarat and aims at increasing the existing capacities while adding new products to its ChlorAlkali portfolio.</p><p style="text-align: justify;"><b>REC </b>has signed a Memorandum of Understanding (MoU) with Bank of Baroda in order to facilitate joint sanctions of loans to fund power, infrastructure and logistics projects in the country over the next three years. Recognizing the pressing need to fortify these critical domains, REC and Bank of Baroda unite with a shared vision of advancing sustainable growth and bolstering the nation's infrastructural backbone. By pooling resources and expertise, both entities endeavor to champion initiatives that will invigorate economic development and enhance accessibility to essential services nationwide.</p><p style="text-align: justify;"><b>Rainbow Children</b>'s Medicare (RCML) has commenced its latest hospital, with 60 beds, at Central Hyderabad, Himayat Nagar, Hyderabad. This is Rainbow's 8th hospital in Hyderabad and is strategically located in the densely populated and commercially important area of central Hyderabad. This will further strengthen company's presence with combined 890 beds in the city. The new hospital has been envisaged as a spoke hospital and will form an important part of the Rainbow's Hub and Spoke network in Hyderabad. </p><p style="text-align: justify;"><b>Advait Infratech</b> has signed two a Memorandum of Understanding (MOUs) with the Government of Gujarat that will contribute significantly to the growth of the company and the state of Gujarat. The company has signed first MoU for the manufacturing and assembly of Fuel Cell and Electrolyser at Kadi, Mehsana, Gujarat in the year 2024. This strategic initiative aims to leverage the state's conducive business environment, thereby contributing to the economic development of the region. </p><p style="text-align: justify;"><b>Syrma SGS Technology </b>has incorporated a Wholly Owned Subsidiary Company (WOS) named Syrma Mobility (SMPL) on January 3, 2024. SMPL intends to carry on the business of designers and manufacturers, buyers, sellers, assemblers, exporters, importers, distributors, agents, and dealers in memory chips, memory modules, PCB assemblies and other storage products, printers, readers magnetic or otherwise, CRT displays and terminals and all other electronic and communication equipment and parts, components, assemblies and subassemblies to be used in the computer and electronic industry including voice coils, voice coil actuator assembly, antenna coils, smart cards and radio frequency identification devices.</p><p style="text-align: justify;"><b>Jupiter Wagons</b>, a provider of comprehensive mobility solutions encompassing rail, road and marine transportation has announced the receipt of a significant contract with the Ministry of Defence for the manufacturing and supply of 697 Boggie Open Military (BOM) Wagons. This esteemed contract, valued at Rs 473 crore, along with the visionary leadership of the Ministry of Defence underscores Jupiter Wagons' commitment to India's firm stance for an Atmanirbhar Bharat. This landmark contract, mark a significant step towards bolstering indigenous production and fostering the participation of the private sector in defence manufacturing.</p><p style="text-align: justify;"><b>Shree Cement</b>, one of India's largest cement manufacturers, has announced a revamp of its corporate brand identity and launched multiple brand offerings, with Bangur as the master brand. The new Bangur brand identity is anchored on the idea of Build Smart - a core philosophy capturing the company's consumer proposition, organizational philosophy, and national ambition.</p> |
