Shree Cement wins coal linkage for its Chhattisgarh cement plant

The company participated recently in the auction for coal linkages from South Eastern Coalfields for Cement Sector and won the coal linkage in the State of Chhattisgarh.

Jul 18, 2016 11:07 IST India Infoline News Service

Shree Cement
Shree Cement Ltd has informed BSE that company participated recently in the auction for coal linkages from South Eastern Coalfields Limited (A subsidiary of Coal India Ltd.) for Cement Sector and won the coal linkage in the State of Chhattisgarh. Based on the Letter of Intent (LOl) issued by South Eastern Coalfields Ltd. dated July 15, 2016.

Stock view:
Shree Cement Ltd ended at Rs. 16019.3, up by Rs. 304.4 or 1.94% from its previous closing of Rs. 15714.9 on the BSE.

The scrip opened at Rs. 15792.1 and touched a high and low of Rs. 16250 and Rs. 15700 respectively. A total of 6556(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 54750.71 crore.

The BSE group 'A' stock of face value Rs. 10 touched a 52 week high of Rs. 16269.9 on 12-Jul-2016 and a 52 week low of Rs. 9350 on 15-Jan-2016. Last one week high and low of the scrip stood at Rs. 16269.9 and Rs. 15425 respectively.

The promoters holding in the company stood at 64.79 % while Institutions and Non-Institutions held 29.24 % and 5.97 % respectively.

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