Incorporated in February 1985, Southern Magnesium & Chemicals Limited (SMCL) is promoted by N B Prasad and N Ravi Prasad. The Company had 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 currently produces magnesium turnings, chips, granules, powders and magnesium pieces by supplying them to various industries in terms of customer specification.
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 tons per annum,. The company then carried out necessary alterations, modifications, additions and enhanced the capacity to 600 tons per annum. Commercial production commenced in 1990.
SMCL came out with a public issue in Dec.'93 to diversify 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 stre ...ngthen its activities.
Due to unfavourable market conditions, the Company stopped Magnesium Metal Production and currently manufactures Magnesium Chips, Turnings, Granules and Powders in 2012.
The Company has changed its main objects in FY 2019-20, by diversifying the business into production of various downstream products like magnesium granules, magnesium powder, magnesium alloy and magnesium extrusion.
FAQs on Southern Magnesium & Chemicals Ltd
1. Can I buy Southern Magnesium & Chemicals Ltd from PL Capital? ›
Yes, you can invest in Southern Magnesium & Chemicals Ltd shares directly through PL Capital. Our platform provides a seamless and secure way to buy, hold, and track Southern Magnesium & Chemicals Ltd stock along with other leading companies listed on the NSE and BSE. Simply open a Demat and trading account with PL Capital, and you’ll be able to trade Southern Magnesium & Chemicals Ltd as well as diversify your portfolio across equities, mutual funds, IPOs, and more.
2. Does Southern Magnesium & Chemicals Ltd pay dividends? ›
Southern Magnesium & Chemicals Ltd does not currently pay dividends. Investors in this case primarily benefit from capital appreciation, where the value of the stock may rise over time depending on business growth and market conditions.
3. What is the current share price of Southern Magnesium & Chemicals Ltd ? ›
As of
29-Apr-2026 , 14:50:17 the share price for Southern Magnesium & Chemicals Ltd. is ₹ 91.45 on the NSE (Note: Prices are dynamic and update frequently during market hours).
4. What is the 52-week high and low of Southern Magnesium & Chemicals Ltd ? ›
The 52-week high and low of Southern Magnesium & Chemicals Ltd share price is ₹ 61.15 - ₹ 185 as of
29-Apr-2026 , 14:50:17 .
