Saurashtra Cement Ltd
NSE: SAURASHCEM BSE: 502175
₹50.28
-0.59 (1.16%)
Sat, 24 Oct 2026, 05:04 am
Market Cap (in Cr)565.23
PE Ratio83.72
Dividend0
Non-Energy Minerals
Construction Materials
24.5KSaurashtra Cement Ltd Company History
1956
- The company was incorporated on 11th June at Rajkot.
1957
- 25,000 Pref. and 50,000 equity shares were subscribed by directors.
- 25,000 Pref. and 50,000 equity shares were offered to the public.
1965
- The company acquired lease of Ran mines in the district of Jamnagar.
1966
- The company acquired lease of land for mining ordinary clay.
- 50 acres of land were obtained in Barda hills area for blackstone.
1968
- 40,000 Bonus equity shares were issued.
1971
- 6% Pref. shares were redeemed on 30.6.1977.
- 50,000 - 9.5% Pref. shares were issued at par.
- 60,000 Bonus equity shares were issued.
1976
- 2,00,000 Bonus equity shares were issued.
1986
- A 132KV feeder line was installed.
- A rights issue was kept open from 6th March to 12th April.
- 3,00,000 right shares were issued at par.
- 15,000 shares were issued to employees.
1989
- The company came under the provision of the Sick Industrial Companies Act, 1985.
1991
- The company ceased to be a Sick Company after wiping off entire carry forward losses.
1993
- The company proposed to increase the capacity from 8,63,000 TPA to 11,28,900 TPA in two phases.
- 42,00,000 partly convertible debentures were issued.
- 50,07,500 shares were allotted.
1994
- New equipment such as a 5 stage preheater and controlled flow grates were installed.
- A state of the art fuzzy logic control system was installed.
- A new control room for centralized control of the plant operations was set up.
- The company was in the process of setting up balancing equipment and upgrading the Cement mills.
1995
- The company proposed to expand the capacity to 3,750 tonnes per day.
1996
- 35,00,000 Pref. Shares were issued.
- 4,000 forfeited shares were issued.
1997
- 38,10,500 equity shares were allotted on preferential basis.
2000
- Crisil downgraded the C rating assigned to the company's non-convertible debenture issue to D.
2003
- The company's securities were delisted from Kutch, Ahmedabad, Vadodara and Delhi Stock Exchanges.
2007
- The company approved the appointment of Mr. G J Prasad, Nominee Director of IFCI, on the Board of Directors.
2009
- The company approved the appointment of Mr. Bimal Thakkar as an additional director on the Board of Directors.
2014
- The company appointed Mr. Rakesh H. Mehta as Chief Financial Officer.
- The company appointed Mr. P. K. Behk and Mrs. Bhagyam Ramani as Additional Directors.
2020
- NCLT approved the Scheme of Amalgamation of Parsec Enterprises Private Limited with Saurashtra Cement Limited.
2023
- The company started clinker production at Ranavav plant.
