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09-Jan-2009
Business Profile
Someswara Cements & Chemicals (ZSOMESCE), incorporated in 1980, is engaged in the manufacture of cement and other products.

On accumulating losses over the years, a reference was made to the Board for Industrial & Financial Reconstruction (BIFR) in 1990, which declared the company a sick industrial unit and recommended winding up activities. It has in FY07 completed refurbishment of the plant and has been successful in its trial production. Working capital finance is awaited to commence commercial production.

The registered office is located at 1-7-35/42, 201, III Floor, SGC Suresh Arcade, Balakampet, Hyderabad-500016, Andhra Pradesh.


Financials
Someswara Cements & Chemicals announced that loss for the quarter ended December 2006 has widened. During the quarter, the loss of the company increased 32.65% to Rs 0.65 million from a loss of Rs 0.49 million in the same quarter the previous year.


In Brief

 
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