Southern Magnesium & Chemicals Ltd.
Southern Magnesium
₹ 0.00
0.00 (0.00)%
NSE
BSE
Metals & Mining
Small-cap - With a market cap of ₹26.10 Cr.
No Subsidiaries Data available
Southern Magnesium & Chemicals (SMCL) was incorporated in February 1985. The company has set up a project at Gowripatnam, Andhra Pradesh, to manufacture magnesium 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, becoming the first and only company in India to commercially produce Magnesium Metal.
Southern Magnesium and Chemicals came out with a public issue in December 1993 to diversify into the production of various down stream products like magnesium granules, magnesium powder, magnesium alloy and magnesium extrusion. Due to unfavourable market conditions the company has stopped Magnesium Metal Production. The company is listed on BSE Limited, Metropolitan Stock Exchange of India Limited and Ahmedabad Stock Exchange Limited
Business area of the company:
The company manufactures Magnesium Chips, Turnings, Granules and Powders.
