Saurashtra Cement Limited to invest Rs. 100 crores in new projects

The Board of Directors of Saurashtra Cement Limited at its meeting held today have in-principle decided to invest upto the tune of Rs 100 Crores in various projects under the building / finishing material portfolio such as Indoor cement tiles, Paints, Construction Chemicals, etc.

The Board have authorised Executive Vice Chairman and/or Managing Director to identify opportunities for growth and diversification and negotiate the terms for acquisition of assets / business and Capital Expenditure. The final terms of investing in any new project / business under the building / finishing material portfolio shall be subject to the approval of the Board.

Shares of SAURASHTRA CEMENT LTD. was last trading in BSE at Rs.57.8 as compared to the previous close of Rs. 58.1. The total number of shares traded during the day was 39830 in over 300 trades.

The stock hit an intraday high of Rs. 59.45 and intraday low of 57.6. The net turnover during the day was Rs. 2324178.

Source : Equity Bulls

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