S
Southern Magnesium & Chemicals Ltd
Mining & Mineral products
₹ (%)
₹ (%)
- NSE
- BSE
Overview
- BSE Code 513498
- NSE Symbol
- ISIN Demat INE308N01012
- Book Value (₹) 43.43
- Face Value (₹) 10.00
- Market Cap (₹ Cr.) 27.57
- P/E (TTM) 70.69
- EPS (TTM) 1.30
- 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 set up a project at Gowripatnam, Andhra Pradesh, to manufacture megnesium metal, in a joint venture with the Andhra Pradesh Industrial Development Corporation.
The company acquired a pilot plant set up 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 set up 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 set up a carbon-di-oxide plant. It has further set up 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 Rajender Prasad |
| Address | : Deccan Chambers 5th Floor, 6-3-666/B Somajiguda, Hyderabad, Telangana, 500082, |
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