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Southern Magnesium & Chemicals Ltd.

BSE: 513498 Sector: Metals & Mining
NSE: N.A. ISIN Code: INE308N01012
BSE 00:00 | 03 Dec 18.10 0.85
(4.93%)
OPEN

16.95

HIGH

18.10

LOW

16.95

NSE 05:30 | 01 Jan Southern Magnesium & Chemicals Ltd
OPEN 16.95
PREVIOUS CLOSE 17.25
VOLUME 1025
52-Week high 35.20
52-Week low 9.51
P/E
Mkt Cap.(Rs cr) 5
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 16.95
CLOSE 17.25
VOLUME 1025
52-Week high 35.20
52-Week low 9.51
P/E
Mkt Cap.(Rs cr) 5
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

Southern Magnesium & Chemicals Ltd. (SOUTHMAGNESIUM) - Company History

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.

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