Gujarat Fluorochemicals shines as its arm plans to set up 700 MW manufacturing facility

18 Feb 2015

Gujarat Fluorochemicals is currently trading at Rs. 776.75, up by 38.15 points or 5.17% from its previous closing of Rs. 738.60 on the BSE.

The scrip opened at Rs. 748.00 and has touched a high and low of Rs. 786.00 and Rs. 747.95 respectively. So far 4051 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 817.00 on 05-Nov-2014 and a 52 week low of Rs. 222.00 on 26-Feb-2014.

Last one week high and low of the scrip stood at Rs. 786.00 and Rs. 731.80 respectively. The current market cap of the company is Rs. 8255.78 crore.

The promoters holding in the company stood at 69.91% while Institutions and Non-Institutions held 5.11% and 24.98% respectively.

In a bid to set up integrated 700 MW wind turbine manufacturing facility in Gujarat, Inox Wind, a subsidiary of Gujarat Fluorochemicals has signed Rs 4,500 crore Memorandum of Understanding (MoU) with the Gujarat government. The company has an order book of 1,258 MW as of December 31, 2014. The MoU will be implemented over next 2 years in 3 districts of Gujarat - Rajkot, Amreli and Kutch.

Gujarat Fluorochemicals, part of the $2 billion INOX group of companies, is engaged in manufacturing of chloro-fluorocarbon refrigerant gases and hydrous hydrofluoric acid. The INOX group has interests in areas of industrial gases, refrigerants, chemicals, carbon credits, cryogenic engineering, renewable energy and entertainment.

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