Gujarat State Fertilizers soars on restarting production at its Ammonia-IV Plant

05 Sep 2014 Evaluate

Gujarat State Fertilizers & Chemicals is currently trading at Rs. 69.20, up by 3.35 points or 5.09% from its previous closing of Rs. 65.85 on the BSE.

The scrip opened at Rs. 66.10 and has touched a high and low of Rs. 69.35 and Rs. 66.10 respectively. So far 193561 shares were traded on the counter.

The BSE group 'B ' stock of face value Rs. 2 has touched a 52 week high of Rs. 88.30 on 02-Jul-2014 and a 52 week low of Rs. 43.70 on 04-Mar-2014.

Last one week high and low of the scrip stood at Rs. 69.35 and Rs. 65.50 respectively. The current market cap of the company is Rs. 2673.78 crore.

The promoters holding in the company stood at 37.84% while Institutions and Non-Institutions held 38.39% and 23.76% respectively.

Gujarat State Fertilizers & Chemicals has restarted production at its Ammonia-IV Plant which was under shut down to attend the Isothermal Shift Reactor (ISR) issue. The company has also restarted production at Urea - II Plant.

Earlier, the company’s Ammonia-IV Plant remained shut for a period of 12 days from August 24, 2014 with a view to attend the Isothermal Shift Reactor (ISR), which has developed minor technical problem. The Plant upon resolution would come back into the mainstream. During the period, the Urea II plant of the company was also remained closed.

GSFC is a leading manufacturer of quality products of Chemical Fertilizers and Industrial Products. The company’s manufacturing units is located at Kosamba, Sikka and Nandesari. It has marketing network spread across India in states like Andhra Pradesh, Chhattisgarh, Gujarat, Haryana, Karnataka, Madhya Pradesh, Maharashtra, Punjab, Rajasthan, Daman and Uttar Pradesh.

 

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222.30 0.70 (0.32%)
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