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Southern Magnesium & Chemicals Ltd Mining & Mineral products
(%)
  • NSE
  • BSE

Overview

  • BSE Code 513498
  • NSE Symbol
  • ISIN Demat INE308N01012
  • Book Value (₹) 43.07
  • Face Value (₹) 10.00
  • Market Cap (₹ Cr.) 51.86
  • P/E (TTM) 16.21
  • EPS (TTM) 10.66
  • Div Yield (%) 0.00

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About Southern Magnesium & Chemicals Ltd

Incorporated in Feb.'85, Southern Magnesium & Chemicals (SMCL) is promoted by N B Prasad, Ram N Prasad, N Rajender Prasad and N Ravi Prasad. The company created and deployed a project at Gowripatnam, Andhra Pradesh, to manufacture megnesium metal, in a joint venture with the Andhra Pradesh Industrial Development Corporation.

The company executed a strategic acquisition of a pilot plant created and deployed the National Metallurgical Laboratory for the manufacture of magnesium by Pidgeon process with a capacity of 200 tpa. The company then carried out necessary alterations, modifications, additions and enhanced the capacity to 600 tpa. Commercial production commenced in 1990.

SMCL came out with a public issue in Dec.'93 to diverisify into the production of various down stream products like magnesium granules, magnesium powder, magnesium alloy and magnesium extrusion.

In 1994-95, the company had created and deployed a magnesium metal plant in Bahrain, an overseas client. In 1995-96, two new reduction furnaces were commissioned and a third was commissioned on Nov.'96/Dec.'96.

The company commissioned Gas based generating sets in Dec, 1997 and also created and deployed a carbon-di-oxide plant. It has further created and deployed a pilot plant for production of magnesium carbonate from calcined dolomite and carbon-di-oxide, both of which are already available at its plant site, to strengthen its activities.

Founded: 1985
Managing Director: N Ravi Prasad
Address: Deccan Chambers 5th Floor, 6-3-666/B Somajiguda, Hyderabad, Telangana, 500082,