Promoted in 1956, Saurashtra Cement Ltd (SCL), was set up to manufacture cement by the semidry process. In 1960, the Mehta group, headed by Nanji Kalidas Mehta invested Rs 50 lac in SCL. The plant is located at Ranavav, Gujarat. In 1980, the group was invited by the Government of Gujarat to invest in a joint venture, Cement Corporation of Gujarat, now called Gujarat Sidhee Cement (GSCL). The Mehta group spans over seven countries with interests in sugar, engineering, cement, electrical cables, power, alcohol, etc. SCL was the first BIFR case to be turned around without a rehabilitation package/assistance. It enjoys a market share of 23% in Gujarat. In Oct.93, it issued rights shares and PCDs to increase its capacity from 8.63 lac tpa to 11.29 lac tpa. At present, the company is engaged in thebusiness of manufacturing and selling of Cement and Paints. It has entered into a technical collaboration with Fuller, US, to provide designs for plant equipment. It holds a mining lease near Ranavav for limestone quarrying.The Company commenced a 7500 tonne silo for the bulk loading of cement at its jetty in the Porbandar Port during 2004 and was made fully operational in 2006. It installed second silo having a capacity of 8000 MT at the jetty along with mechanized facility to load cement in 2006. The Companys net worth as at 30th June, 2005 had been completely eroded and the Honble BIFR declared the Company as a sick industrial undertaking vide its order dated 21st September 2006.The Company had five wholly owned subsidiary companies. Out of these five subsidiaries, four companies namely Pranay Holdings Limited, Prachit Holdings Limited, Ria Holdings Limited and Reeti Investments Private Limited accordingly merged with the Company through the Scheme of Amalgamation and the said Amalgamation became effective from 1st April 2018. Similarly, Parsec Enterprises Private Limited, a promoter group company, got amalgamated with Company effective from April 01, 2020. The Company acquired the paints business of Snowcem Paints Pvt. Ltd., including the brands owned by them on a slump sale basis during FY 202122. Further, it embarked on a digital transformation journey under Project Parivartan. In 2023, the Scheme of Amalgamation of Gujarat Sidhee Cement Limited (GSCL) with the Company became effective from 30th March 2023. In terms of the said Scheme of Amalgamation, the Company issued and allotted 5,40,09,641 new equity shares of Rs 10/ each fully paid up to the shareholders of erstwhile Gujarat Sidhee Cement Limited on April 26, 2023 in the merger ratio of 62:100.
What is the current share price of Saurashtra Cement Ltd today on both NSE and BSE?
Saurashtra Cement Ltd shares are currently priced at 120.8 on NSE and 121 on BSE as of 4/25/2024 12:00:00 AM. Please be aware that stock prices are subject to continuous fluctuations due to various factors.
How has Saurashtra Cement Ltd [SAURASHCEM] shares performed in the past ?
The past 1-year return of Saurashtra Cement Ltd [SAURASHCEM] share was 0. The Saurashtra Cement Ltd [SAURASHCEM] share hit a 1-year low of Rs. 97 and a 1-year high of Rs. 130.6.
What is the market cap of Saurashtra Cement Ltd [SAURASHCEM] ?
The market cap of Saurashtra Cement Ltd is Rs. 1340.67 Cr. as of 4/25/2024 12:00:00 AM.
What is the current P/E ratio of Saurashtra Cement Ltd [SAURASHCEM] share price ?
The PE ratios of Saurashtra Cement Ltd is 26.02 as of 4/25/2024 12:00:00 AM.
What is the current PB ratio of Saurashtra Cement Ltd [SAURASHCEM] share price ?
The PB ratios of Saurashtra Cement Ltd is 1.5 as of 4/25/2024 12:00:00 AM
How can I buy Saurashtra Cement Ltd shares?
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