RCF gains on issuing commercial paper worth Rs 150 crore

24 Mar 2017

Rashtriya Chemicals and Fertilizers (RCF) is currently trading at Rs. 70.10, up by 0.45 points or 0.65% from its previous closing of Rs. 69.65 on the BSE.

The scrip opened at Rs. 70.05 and has touched a high and low of Rs. 71.20 and Rs. 69.30 respectively. So far 7,18,000 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 71.20 on 24-Mar-2017 and a 52 week low of Rs. 36.55 on 28-Mar-2016.

Last one week high and low of the scrip stood at Rs. 71.20 and Rs. 61.20 respectively. The current market cap of the company is Rs. 3,870.09 crore.

The promoters holding in the company stood at 80%, while people held 20% stake in the company.

Rashtriya Chemicals and Fertilizers has issued Commercial Paper for Rs 150 crore on March 23, 2017, in favour of State Bank of India (SBI), having maturity date as June 21, 2017. This step has been taken in terms of the guidelines issued by the Reserve Bank of India (RBI).

Further, the Commercial Paper issued by the company on December 23, 2016 for Rs 150 crore has been redeemed on March 23, 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.

Related Rashtriya Chemicals & Fertilizers Ltd. Links:

RCF Share Price

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