Gujarat Narmada Valley Fertilizers & Chemicals (GNFC) is currently trading at Rs. 176.00, up by 0.50 points or 0.28% from its previous closing of Rs. 175.50 on the BSE.
The scrip opened at Rs. 178.50 and has touched a high and low of Rs. 179.90 and Rs. 176.00 respectively. So far 69,000 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 179.90 on 22-Sep-2016 and a 52 week low of Rs. 56.00 on 23-Sep-2015.
Last one week high and low of the scrip stood at Rs. 179.90 and Rs. 159.00 respectively. The current market cap of the company is Rs. 2,735.37 crore.
The promoters holding in the company stood at 41.21%, while Institutions and Non-Institutions held 28.46% and 30.33% respectively.
Gujarat Narmada Valley Fertilizers & Chemicals has signed a Joint Venture (JV) agreement with Santosh Agrochem LLP for setting up of about 345 MTPD Purified Wet Lime Project in a phased manner at Bharuch in state of Gujarat to be implemented through a JV company in the name of Calciwell Chemtech (CCPL) at an estimated cost of Rs 50 crore. The company will hold 10% stake in CCPL while Santosh Agrochem LLP will hold 90% of the equity of CCPL.
Gujarat Narmada Valley Fertilizers & Chemicals is a joint sector enterprise promoted by the Government of Gujarat and the Gujarat State Fertilizers & Chemicals (GSFC). It was set up in Bharuch, Gujarat in 1976. Located at Bharuch in an extremely prosperous industrial belt, GNFC draws on the resources of the natural wealth of the land as well as the industrially rich reserves of the area.
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