Shree Cement commissions 2 mtpa grinding unit in Bihar

"...the company has commissioned a grinding unit of two mtpa capacity at Aurangabad in Bihar on June 30, 2014," the cement maker said in a communique to stock exchanges.

Shree Cement  today said it has commissioned a grinding unit of two million tonnes per annum (mtpa) capacity at Aurangabad in Bihar.

"...the company has commissioned a grinding unit of two mtpa capacity at Aurangabad in Bihar on June 30, 2014," the cement maker said in a communique to stock exchanges.

Shree Cement had 13.5 mtpa cement-making capacity before the commissioning of the unit. It has embarked on expansions to take its total capacity to 25 mtpa by 2015 aimed at consolidating position further in the North India market and gain a foothold in the East.

Shree Cements stock price

On June 30, 2014, Shree Cements closed at Rs 7255.00, up Rs 95.00, or 1.33 percent. The 52-week high of the share was Rs 7981.50 and the 52-week low was Rs 3412.65.

The company's trailing 12-month (TTM) EPS was at Rs 228.07 per share as per the quarter ended March 2014. The stock's price-to-earnings (P/E) ratio was 31.81. The latest book value of the company is Rs 1103.32 per share. At current value, the price-to-book value of the company is 6.58.

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