Mangalam Cement shines on commencing commercial production at Rajasthan

Mangalam Cement is currently trading at Rs. 181.20, up by 3.25 points or 1.83% from its previous closing of Rs. 177.95 on the BSE. The scrip opened at Rs. 177.50 and has touched a high and low of Rs. 186.60 and Rs. 177.50 respectively. So far 24,000 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 189.00 on 22-May-2014 and a 52 week low of Rs. 88.00 on 02-Aug-2013. Last one week high and low of the scrip stood at Rs. 188.00 and Rs. 165.00 respectively. The current market cap of the company is Rs. 483.00 crore.  The promoters holding in the company stood at 27.41% while Institutions and Non-Institutions held 2.58% and 70.01% respectively. Mangalam Cement’s New Cement Mill of 1.25 million tonne per Annum (MTPA) at Adityanagar, Morak in Rajasthan which was under trial run, has started commercial production with effect from May 28, 2014. The overall capacity is now enhanced from 2.0 MTPA to 3.25 MTPA. Mangalam Cement is a professionally managed and well established cement manufacturing company enjoying the confidence of consumers because of its superior quality product and excellent customer service.