Shree Cement sales down 16 per cent in Feb

Shree Cement sales down 16 per cent in Feb

Shree Cement reported approximately 16 per cent decline in sales in February at 9.67 lakh tonne compared to a month ago in January 2013.

The Kolkata-based firm, has an annual 135 lakh tonne installed cement-manufacturing capacity. The company had sold 11.46 lakh tonne in January, 2013, it said its BSE filing. To add on its woes, the Shree Cements's production also fell to 9.83 lakh tonne during the reporting month from 11.34 lakh tonnes during the month of January.

Shree Cement's plants are located at Beawar, Ras, Khushkhera, Jobner and Suratgarh in Rajasthan and Laksar in Uttarakhand. It sells majority of the cement it produces in Northern India.

Currently, the stock is trading down 13.75 per cent from its 52-week high of Rs 4,800 and above 82.38 per cent over the 52-week low of Rs 2,270. The company however expects better results in the future.

Contact: Shree Cement.

Tel: 91 1462-228101-06.

Fax: 91 1462-228117/228119.

Website: www.shreecement.in

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