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SOUTHMG
Small Cap | Mining & Mineral products
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About Southern Magnesium & Chemicals
Incorporated in Feb.'85, Southern Magnesium & Chemicals (SMCL) is promoted by N B Prasad, Ram N Prasad, N Rajender Prasad and N Ravi Prasad. The company set up a project at Gowripatnam, Andhra Pradesh, to manufacture megnesium metal, in a joint venture with the Andhra Pradesh Industrial Development Corporation.
The company acquired a pilot plant set up the National Metallurgical Laboratory for the manufacture of magnesium by Pidgeon process with a capacity of 200 tpa. The company then carried out necessary alterations, modifications, additions and enhanced the capacity to 600 tpa. Commercial production commenced in 1990.
SMCL came out with a public issue in Dec.'93 to diverisify into the production of various down stream products like magnesium granules, magnesium powder, magnesium alloy and magnesium extrusion.
In 1994-95, the company had set up a magnesium metal plant in Bahrain, an overseas client. In 1995-96, two new reduction furnaces were commissioned and a third was commissioned on Nov.'96/Dec.'96.
The company commissioned Gas based generating sets in Dec, 1997 and also set up a carbon-di-oxide plant. It has further set up a pilot plant for production of magnesium carbonate from calcined dolomite and carbon-di-oxide, both of which are already available at its plant site, to strengthen its activities.
Parent Organisation
Indian Private
Managing Director
None
Founded
1985
NSE Symbol
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Southern Magnesium Chemicals Ltd FAQs
What is the share price of Southern Magnesium Chemicals Ltd (Southern Magnesium Chemicals Ltd) shares?
Southern Magnesium Chemicals Ltd (Southern Magnesium Chemicals Ltd) share price as of July 26, 2024, on NSE is Rs 264.25 (NSE) and Rs 264.25 (BSE) on BSE.
Can I buy Southern Magnesium Chemicals Ltd (Southern Magnesium Chemicals Ltd) from Angel One?
Yes, You can buy Southern Magnesium Chemicals Ltd (Southern Magnesium Chemicals Ltd) shares by opening a Demat account with Angel One.
How do I buy Southern Magnesium Chemicals Ltd (Southern Magnesium Chemicals Ltd) from Angel One?
Southern Magnesium Chemicals Ltd (Southern Magnesium Chemicals Ltd) share can be bought through the following modes:
1. Direct investment: You can buy Southern Magnesium Chemicals Ltd (Southern Magnesium Chemicals Ltd) shares by opening a Demat account with Angel One.
2. Indirect investment: The indirect method involves investing through ETFs and Mutual Funds that offer exposure to Southern Magnesium Chemicals Ltd (Southern Magnesium Chemicals Ltd) shares.
1. Direct investment: You can buy Southern Magnesium Chemicals Ltd (Southern Magnesium Chemicals Ltd) shares by opening a Demat account with Angel One.
2. Indirect investment: The indirect method involves investing through ETFs and Mutual Funds that offer exposure to Southern Magnesium Chemicals Ltd (Southern Magnesium Chemicals Ltd) shares.
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