|Sales Growth||Profit Growth||Expense Growth||Stock Price CAGR|
Incorporated in 1973, Gujarat Sidhee Cement (GSCL) was originally set up as a joint venture between the Gujarat Industrial Investment Corporation (GIIC) and the Mehta Group. However due to differences between the two promoters GIIC disinvested part of its holding in GSCL in favour of the Mehta's. The Mehta group with 38% equity stake in GSCL now exercises control over the company.
GSCL's plant is located at Sidheegram in Junagadh district of Gujarat. The plant uses latest Dry Process Pre-calcinations technology comparable to international standards. The state-of-the art plant makes use of machinery which is sourced from reputed international companies. The plant, operating at over 100% capacity, is also one of
Because of its proximity to the Porbandar and Pipavav ports, it has competitive access to the large export markets in the Middle East countries,
Gujarat Sidhee Cement markets cement under the brand name Sidhee. GSCL product range includes Ordinary Portland Cement (OPC) 53 Grade and 43 Grade, Pozzolana Portland Cement (PPC). It’s products comes with long lasting strength and are suited for all applications that require high compressive strengths.
GSCL resorted to right’s issue in January 1990 and a second right issue in July 1994 to raise its capacity to 1.2 million tonnes per annum and for paying off loans.
The company manufactures cements in various grades as below:
GSCL has got national and international recognition: