Saurashtra Cement Ltd: Key Developments and Financial Overview
Saurashtra Cement Limited, a prominent player in the construction materials sector, has been in the news recently due to several significant developments. The company, listed on the National Stock Exchange of India, is primarily engaged in manufacturing and selling cement and paints. Its product range includes portland pozzolana cement (PPC), ordinary portland cement (OPC 53 grade), and portland slag cement (PSC), along with a variety of paint products under the Snowcem brand.
Financial Snapshot
As of July 28, 2025, Saurashtra Cement Ltd’s close price stood at INR 107.88. The company’s market capitalization is INR 11,670,000,000, with a price-to-earnings ratio of 166.44. The stock has experienced a 52-week high of INR 144.4 on July 31, 2024, and a low of INR 73.73 on March 3, 2025.
Recent News Highlights
Investor Presentation Release: On July 30, 2025, Saurashtra Cement Ltd released an investor presentation for the quarter ended June 30, 2025. This document, submitted by the Corporate Relations Department of BSE Limited, provides insights into the company’s performance and strategic direction.
Annual General Meeting (AGM) Announcement: The 67th AGM of Saurashtra Cement Ltd is scheduled for August 29, 2025, at 12:30 p.m. The meeting will be conducted via two-way video conferencing, allowing shareholders to participate remotely.
Joint Operating Agreement with Reliance Industries: In a significant development, Reliance Industries Ltd has entered into a joint operating agreement with Saurashtra Cement Ltd, Oil and Natural Gas Corporation (ONGC), and BP Exploration for an oil and gas exploration block in the Saurashtra basin. This collaboration marks a strategic expansion into the energy sector for Saurashtra Cement Ltd.
Stock Market Watch: On July 30, 2025, Saurashtra Cement Ltd was among the stocks to watch, alongside major companies like Reliance Industries Ltd (RIL), NTPC, and Asian Paints. The Indian equity indices were expected to open on a flat to negative note, influenced by mixed performance in Asia-Pacific markets.
These developments highlight Saurashtra Cement Ltd’s strategic initiatives and financial performance, positioning the company for potential growth in both its core and new business areas.