Kakatiya Cement soars after resuming cement plant operations

Kakatiya Cement Sugar & Industries rose 15.99% to Rs 305 at 10:08 IST on BSE after the company said it resumed operation at cement plant on 19 April 2018 after its closure on pollution grounds.

The announcement was made after market hours yesterday, 19 April 2018.

Meanwhile, the S&P BSE Sensex was down 56.42 points, or 0.16% to 34,370.87.

On the BSE, 42,000 shares were traded in the counter so far compared with average daily volumes of 3,057 shares in the past two weeks. The stock had hit a high of Rs 310.70 and a low of Rs 270.40 so far during the day. The stock hit a 52-week high of Rs 448.90 on 4 May 2017. The stock hit a 52-week low of Rs 217.35 on 26 March 2018.

Kakatiya Cement Sugar and Industries reported net loss of Rs 5.61 crore in Q3 December 2017 compared with net profit of Rs 8.94 crore in Q3 December 2016. Net sales fell 54.02% to Rs 35.38 crore in Q3 December 2017 over Q3 December 2016

Kakatiya Cement Sugar and Industries is engaged in the manufacture of ordinary portland cement. The company's segments include cement, sugar and power. The installed capacity of the company's cement division is approximately 297,000 tons per annum (TPA), and that of the sugar division is approximately 3,200 tons of cane per day (TCD). The cement plant of the company is located in Nalgonda District of Andhra Pradesh, whereas the sugar and power plants are located in Khammam District.

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