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MYSORE CEMENT
Mysore cement is a subsidary of cementrum i which is inturn controllled by HeidelbergCement AG. Heidelberg is one of the leading producer of building material world wide. The company has turned around and has posted an eps of more than six ruppess for the year ended dec,07. The company having plants in karnatka, madhya pardesh and uttar pardesh. The company is currently engaged in the manafacture of clinker and cement.the Company has submitted applications to the Ministry of Environment and Forests, Govt. of India, New Delhi together with the Pre-feasibility Reports for getting the prior environmental clearance from the Government for the expansion of capacity at its existing plants as detailed below:
1. Expansion of Clinkerisation capacity front 1.2 MTPA to 3.1 MTPA at Narsingarh, District Damoh, Madhya Pradesh.
2. Expansion of the Cement Grinding capacity from 0.8 MTPA to 2.7 MTPA at Madora, District Jhansi, Uttar Pradesh.
3. Expansion of the Cement Grinding capacity from 1.0 MTPA to 2.0 MTPA at Imlai, District Damoh, Madhya Pradesh.
4. Expansion of the Cement manufacturing capacity from 0.4 MTPA to 1.2 MTPA at Ammasandra, District Tumkur, karnatka.
With this expansion the company is surely going to add to its topline and bottom line and is currently available at a p/e of just around 6. This seems to an excellent long term bet for all those who which to enter this sector for investments