Gujarat Sidhee Cement stops Kiln due to high inventory; Stock gains over 3%

23 Jun 2022 , 02:05 PM

Gujarat Sidhee Cement Limited has announced that the Kiln for the cement plant of the Company located at Sidheegram, Gujarat has been stopped from June 22, 2022  for a period of 15 to 20 days.

As per the regulatory filing, the reason is due to high clinker inventory. However, cement grinding and despatches will be continued, the company said.

At around 2:09 PM, Gujarat Sidhee Cement was trading at Rs30.65 per share up by Rs1 or 3.37% from its previous closing of Rs29.65 per share on the BSE.