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Panyam Cements & Mineral Industries Ltd.

BSE: 500322 Sector: Industrials
NSE: PANYAMCEM ISIN Code: INE167E01029
BSE 15:48 | 23 Feb 48.55 0.55
(1.15%)
OPEN

47.00

HIGH

48.95

LOW

47.00

NSE 05:30 | 01 Jan Panyam Cements & Mineral Industries Ltd
OPEN 47.00
PREVIOUS CLOSE 48.00
VOLUME 10935
52-Week high 90.05
52-Week low 46.00
P/E
Mkt Cap.(Rs cr) 82
Buy Price 0.00
Buy Qty 0.00
Sell Price 48.55
Sell Qty 49.00
OPEN 47.00
CLOSE 48.00
VOLUME 10935
52-Week high 90.05
52-Week low 46.00
P/E
Mkt Cap.(Rs cr) 82
Buy Price 0.00
Buy Qty 0.00
Sell Price 48.55
Sell Qty 49.00

Panyam Cements & Mineral Industries Ltd. (PANYAMCEM) - Company History

Panyam Cement and Mineral Industries (PCMIL) incorporated in 1955 has diverse interests in cement, chemical and engineering. The company's cement plant at Kurnool, Andhra Pradesh, has an installed capacity of 5.31 lac TPA. Other capacities are 10000 tpa for steel wire, 14850 tpa for calcium carbide and 1800 tpa for acetylene black. PCMIL manufactures portland cement under the brand name Pyramid. Its steel wire division came into existence when Deccan Wires was amalgamated with the company. The company's major clients include Union Carbide, Geep Industrial Syndicate, Lakhanpal National, IOC, Chemplast, etc. It installed additional generating sets to overcome the power cuts imposed by the Andhra Pradesh Electricity Board. Its cement division is in the process of fabricating a grate cooler in-house, to change the existing planetory cooler which will enhance the capacity of the kiln. In 1999-2000, the operations in the chemical division continued to be suspended and the company is seeking permission for closure of the division. The cement division is also under strain due to steep fall in realisations. The Cement Division is planning to step up its production in full capacity level at the fag end of the current financial year.