Orient Cement commissions its new cement plant in Karnataka

The new project, located near Chittapur, District Gulbarga, Karnataka has an installed capacity of 3.0 million tonnes per annum.

Sep 28, 2015 05:09 IST India Infoline News Service

Orient Cement has commissioned and started commercial production at its new greenfield integrated cement plant from September 26, 2015. The new project, located near Chittapur, District Gulbarga, Karnataka has an installed capacity of 3.0 million tonnes per annum (MTPA).

With the commissioning of this new unit, the total installed capacity of Orient Cement Ltd. has increased to 8 MTPA. The first consignment of cement from the new plant has been dispatched on September 26, 2015.

The stock  is currently trading at Rs. 158.9, up by 2.3 points or 1.47% from its previous closing of Rs. 156.6 on the BSE.

The scrip opened at Rs. 157.65 and has touched a high and low of Rs. 162.5 and Rs. 157.6 respectively. So far 22696(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 3208.73 crore.

The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 200 on  and a 52 week low of Rs. 118 on . Last one week high and low of the scrip stood at Rs. 161.5 and Rs. 150.55 respectively.

The promoters holding in the company stood at 37.5 % while Institutions and Non-Institutions held 36.83 % and 25.66 % respectively.

The stock is currently trading above its 200 DMA.

Related Story