RCF rises on inking JVA for incorporation of ‘Rashtriya Coal Gas Fertilizers’

30 Oct 2015

RCF is currently trading at Rs. 49.35, up by 0.20 points or 0.41% from its previous closing of Rs. 49.15 on the BSE.

The scrip opened at Rs. 49.15 and has touched a high and low of Rs. 49.35 and Rs. 49.10 respectively. So far 7,568 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 74.75 on 19-Feb-2015 and a 52 week low of Rs. 39.85 on 08-Sep-2015.

Last one week high and low of the scrip stood at Rs. 51.90 and Rs. 49.05 respectively. The current market cap of the company is Rs. 2,711.00 crore.

The promoters holding in the company stood at 80.00% while Institutions and Non-Institutions held 10.24% and 9.76% respectively.

Rashtriya Chemical Fertilizers (RCF) has entered into a Joint Venture Agreement (JVA) on October 27, 2015 with Coal India (CIL), GAIL (India) and Fertilizer Corporation of India (FCL) for incorporation of a company namely ‘Rashtriya Coal Gas Fertilizers’ to establish and operate new coal gasification based Fertilizer Complex (Ammonia Urea Complex) at Talcher, Odisha along with power plant and associated facilities at Talcher unit of FCIL and to market its products.

Rashtriya Chemicals and Fertilizers (RCF) a Govt. of India Undertaking is a leading fertilizer and chemical manufacturing company with about 80% of its equity held by the Govt. of India. RCF manufactures Urea and Complex fertilizers (NPK) along with a wide range of Industrial Chemicals. Govt. of India has accorded 'Mini Ratna' Status to RCF.




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RCF Share Price

49.00 -2.05 (-4.02%) Nov 14, 18:01
1 Year Price Chart
Peers
Company Name CMP
Coromandel Interntl. 476.75
National Fertilizers 26.05
Chambal Fert & Chem 160.85
RCF 49.00
GSFC 72.55
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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323
Research Analyst - INH000000719

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