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Anjani Portland Cement Limited
Sector:Others Others - Miscella - Others
Market Lot: 1Face Value: 10ISIN Demat: INE071F01012
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Business Profile
Anjani Portland Cement (APCL) has carved a niche for itself in the cement industry. Incorporated as Shez Chemicals on Dec. 17, 1983, it got its present name on Dec. 27, 1999.

The 600 TPD rotary kiln plant with technical know-how from Nihon Cement Company of Japan is located in the Nalgonda district of Andhra Pradesh and runs above the rated capacity producing approximately 300,000 TPA of 53 grade, 43 grade and Portland Pozzolona cement. In line with its modernization and diversification plans, the company acquired a grinding unit in an open auction conducted by APIDC in 2006-2007.

Cement is sold under the brand name Anjani Gold through a dealer network encompassing a majority of the districts in Andhra Pradesh and the neighboring states of Maharashtra, Karnataka, Orissa and Tamil Nadu. In addition to this, the company has a 300-strong dealer network. Vennar Ceramics and Hitech Print Systems, a modern security press located at Vijayawada in Andhra Pradesh, are subsidiaries of the company.

The registered office is located at 153, Dwarakapuri Colony, Sitha Nilayam Panjagutta, Hyderabad-500082, Andhra Pradesh.

The company announced rise of 169.50% in standalone net profit on y-o-y basis to Rs 67.11 million, while total income increased 75.87% y-o-y basis to Rs 877.53 million for the quarter ended June 2015.

Recent Developments
Anjani Portland Cement announced that its board of directors has noted and transacted the promoters of the company are proposing to sell and transfer the shares held by the promoters to Chettinad Cement Corporation. In view of the transaction the promoters of the company and the company are proposing to enter into a share purchase agreement with the Chettinad Cement.

Anjani Portland Cement has taken up expansion of its capacity at the existing plant site i.e. Chintalapalem Village, Mellacheruvu Mandal, Nalgonda District, Andhra Pradesh bringing the total capacity of the plant to 1.16 million tons per annum.

Firstcall India maintains ` Buy ` on Anjani Portland Cement with a price target of Rs 49, as against the current market price (CMP) of Rs 35 (Dec. 02, 2009).

In Brief

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