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Monolithisch India Shares Hit 52-Week High After Quartzite Deal
Monolithisch India is a company whose shares have risen sharply.
Its shares reached ₹1,505, the highest price in the past year.
The company won rights to use a quartzite stone block in Bihar.
It won the block through an auction held by the Bihar government.
The agreement lasts for five years and cost ₹157 crore.
The block can produce 7,10,000 metric tonnes of stone each year.
Mining is expected to start in February or March 2027.
The company says this will help secure materials and support its expanding manufacturing business.
Monolithisch India shares rose 4% to ₹1,505 on the NSE SME on Friday, 11 September.
The stock has gained over 190% year-to-date and more than 205% over the past year.
The company secured a quartzite stone block in Bihar through a government e-auction.
The five-year allocation carries a winning bid of ₹157 crore and mining capacity of 7,10,000 MT annually.
Commercial operations are expected to begin in February or March 2027, supporting the company’s raw-material supply and expansion plans.
- Who
- Monolithisch India, led by Managing Director Harsh Tekriwal.
- What
- The company secured a quartzite stone block through an e-auction for a winning bid of ₹157 crore.
- Where
- Nawada District, Bihar, on the NSE SME platform.
- When
- The exchange filing was made on 10 September; shares rose on Friday, 11 September, and operations are expected to begin in February or March 2027.
- Why
- The company said the block will strengthen raw-material security, hedge raw-material rates for five years, and support manufacturing-capacity expansion.
Key facts
- Share price high
- ₹1,505, a 4% intraday rise
- Year-to-date return
- More than 190%
- One-year return
- More than 205%
- Winning bid
- ₹157 crore
- Lease period
- 5 years
- Annual mining capacity
- 7,10,000 MT
- Expected operations
- February or March 2027
- Expected consolidated group capacity
- 5,76,000 MTPA
Quotes
Monolithisch India
The company issuing the exchange filing about the quartzite block acquisition
“This capacity will strengthen our raw material security and hedge raw material rates for 5 years, at a time when the Company is significantly expanding its silica ramming mass manufacturing capacity, with consolidated group capacity expected to reach 5,76,000 MTPA”
livemint.com
Harsh Tekriwal
Managing Director of Monolithisch India
“This strategic move will significantly strengthen our competitiveness in quality and cost in the coming years. It is very encouraging that this development coincides with the commencement timeline of our greenfield project. This milestone is expected to help the company achieve optimum capacity utilisation at its greenfield project ahead of schedule.”
livemint.com
Sources
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