Burnpur Cement shares list at 25% premium, India

Burnpur Cement shares list at 25% premium, India
Published: 03 January 2008

The shares of Burnpur Cement Ltd listed at Rs 15 on Thursday, up 25 per cent from its issue price of Rs 12. Its shares were trading at Rs 25 at 09.56 a.m., on the NSE after touching a high of Rs 36.

The proceeds from the 20.8-million-share issue would be used to part-finance its new cement-grinding unit in Jharkhand at a cost of Rs 120 crore and with a daily capacity of 800t.