Kesoram Industries to receive new machinery for Raw Mill

With reference to the earlier announcement dated June 13, 2007, Kesoram Industries Ltd has announced that a new roller from the supplier Polysius AG, Germany is expected to arrive by early September, 07 and on its installation in the said Raw Mill of Unit III, the normal output is expected to be achieved.

In the meantime, as a temporary measure, the Cement Mill of new Unit has been converted into Raw Mill and started the Clinkering output of 1900 MT per day, which is about 50% of the original capacity of the said Unit III and the same is further likely to increase slightly in due course. This temporary measure will continue in operation till the new Raw Mill Roller is put into operation in Unit III.

The clinker so produced will be converted into cement by grinding it in other two Cement Mills of the Section.

The stock closed the day at Rs.517.40, up by Rs.3.20 or 0.62%. The stock hit an intraday high of Rs.523 and low of Rs.492.25. The total traded quantity was 100738 compared to 2 week average of 142478.

Source : Equity Bulls

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