The Board of Directors of Anjani Portland Cement Ltd at their meeting held today, March 22, 2018, have approved setting up of an additional clinker producing unit, at its current plant location in Chintalapalem, Suryapet District, Telangana.
The existing capacity of the unit is 1.16MTPA and the capacity utilisation is 73% for FY 2016-17.
The proposed expansion project will increase the existing capacity from 1.16MTPA to 2.31 MTPA. The investment required is Rs. 400 crores which will be raised through internal accruals / ICDs / Bank Loans.
The proposed expansion project is expected to be commissioned by December 2019.
Shares of ANJANI PORTLAND CEMENT LTD. was last trading in BSE at Rs.182.45 as compared to the previous close of Rs. 175.4. The total number of shares traded during the day was 305 in over 15 trades.
The stock hit an intraday high of Rs. 184.8 and intraday low of 178.05. The net turnover during the day was Rs. 55375.