SOUTHERN MAGNESIUM & CHEMICALS LTD. SHARE PRICE [LIVE]

BSE: INE308N01012   NSE: SOUTHMG   SECTOR: Metal - Non Ferrous

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Frequently Asked Questions

What is the Share price of SOUTHERN MAGNESIUM & CHEMICALS LTD. (SOUTHMG)?

SOUTHERN MAGNESIUM & CHEMICALS LTD. (SOUTHMG) share price as of August 17, 2022, on BSE is Rs 40.95 (BSE).

Can I buy SOUTHERN MAGNESIUM & CHEMICALS LTD. (SOUTHMG) shares?

Yes, You can buy SOUTHERN MAGNESIUM & CHEMICALS LTD. (SOUTHMG) shares by opening a Demat account with Angel One.

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SOUTHERN MAGNESIUM & CHEMICALS LTD. (SOUTHMG) share can be brought through the following modes:
  1. Direct investment: You can buy SOUTHERN MAGNESIUM & CHEMICALS LTD. (SOUTHMG) 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. (SOUTHMG) shares.

In which sector do SOUTHERN MAGNESIUM & CHEMICALS LTD. (SOUTHMG) belong?

SOUTHERN MAGNESIUM & CHEMICALS LTD. (SOUTHMG) belongs to Metal - Non Ferrous .

About SOUTHMG

Today's live share price for SOUTHERN MAGNESIUM & CHEMICALS LTD. is NSE: N/A, BSE: ₹ 40.95 with a current market capitalization of .

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.

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