Heidelberg Cement India is currently trading at Rs. 42.00, up by 0.50 points or 1.20% from its previous closing of Rs. 41.50 on the BSE.
The scrip opened at Rs. 41.70 and has touched a high and low of Rs. 42.45 and Rs. 41.15 respectively. So far 5067 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 60.05 on 07-Dec-2012 and a 52 week low of Rs. 32.15 on 17-Jul-2012.
Last one week high and low of the scrip stood at Rs. 44.30 and Rs. 41.20 respectively. The current market cap of the company is Rs. 947.24 crore.
The promoters holding in the company stood at 68.55% while Institutions and Non-Institutions held 12.38% and 19.07% respectively.
Heidelberg Cement India, Indian arm of the Germany-based HeidelbergCement, is targeting to increase its manufacturing capacity to 15 million tonne per annum (mtpa) by 2017 from 6 mtpa at present. Most of these expansions are likely to come via mergers and acquisitions route. The company recently expanded in the central region - Uttar Pradesh (Jhansi) and Madhya Pradesh.
Earlier this month, the company received its shareholders nod for raising funds up to Rs 2,000 crore through borrowings. The entity decided to sell its 0.6 million tonnes per annum (mtpa) cement grinding facility in Raigad to JSW Group, which has a capacity to produce 5-mtpa cement in India.
About Heidelberg Cement :
Heidelberg Cement India is one of the leading producers of building materials worldwide. The company manufactures portland slag cement and portland pozzolana cement. The company has manufacturing facilities located at Ammasandra (Karnataka), Damoh (MP) and Jhansi (UP) and has total production capacity of 5.9 million tonnes per annum.
The scrip opened at Rs. 41.70 and has touched a high and low of Rs. 42.45 and Rs. 41.15 respectively. So far 5067 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 60.05 on 07-Dec-2012 and a 52 week low of Rs. 32.15 on 17-Jul-2012.
Last one week high and low of the scrip stood at Rs. 44.30 and Rs. 41.20 respectively. The current market cap of the company is Rs. 947.24 crore.
The promoters holding in the company stood at 68.55% while Institutions and Non-Institutions held 12.38% and 19.07% respectively.
Heidelberg Cement India, Indian arm of the Germany-based HeidelbergCement, is targeting to increase its manufacturing capacity to 15 million tonne per annum (mtpa) by 2017 from 6 mtpa at present. Most of these expansions are likely to come via mergers and acquisitions route. The company recently expanded in the central region - Uttar Pradesh (Jhansi) and Madhya Pradesh.
Earlier this month, the company received its shareholders nod for raising funds up to Rs 2,000 crore through borrowings. The entity decided to sell its 0.6 million tonnes per annum (mtpa) cement grinding facility in Raigad to JSW Group, which has a capacity to produce 5-mtpa cement in India.
About Heidelberg Cement :
Heidelberg Cement India is one of the leading producers of building materials worldwide. The company manufactures portland slag cement and portland pozzolana cement. The company has manufacturing facilities located at Ammasandra (Karnataka), Damoh (MP) and Jhansi (UP) and has total production capacity of 5.9 million tonnes per annum.
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