RCF strengthens on issuing commercial paper worth Rs 190 crore
Rashtriya Chemicals & Fertilizers is currently trading at Rs. 54.05, up by 0.65 points or 1.22% from its previous closing of Rs. 53.40 on the BSE.
The scrip opened at Rs. 54.15 and has touched a high and low of Rs. 55.50 and Rs. 53.75 respectively. So far 318581 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 64.40 on 09-Feb-2017 and a 52 week low of Rs. 35.85 on 17-Mar-2016.
Last one week high and low of the scrip stood at Rs. 56.55 and Rs. 53.20 respectively. The current market cap of the company is Rs. 3023.25 crore.
The promoters holding in the company stood at 80.00%, while Institutions and Non-Institutions held 7.52% and 12.48% respectively.
Rashtriya Chemicals and Fertilizers (RCF) has issued Commercial Paper for Rs 190 crore on March 10, 2017, in favour of State Bank of India, having maturity date as June 8, 2017. The company has issued Commercial Papers as per guidelines issued by the Reserve Bank of India (RBI).
The Commercial Paper issued by the Company on November 21, 2016 for Rs 100 crore, on December 30, 2016 for Rs 175 crore and on January 23, 2017 for Rs 180 crore has been redeemed on February 17, 2017.
RCF, a Government of India Undertaking is a leading fertilizer and chemical manufacturing company with about 80% of its equity held by the Government of India. The company manufactures Urea, Complex Fertilizers, Bio-fertilizers, Micro-nutrients, 100 percent water soluble fertilizers, soil conditioners and a wide range of Industrial Chemicals.