RCF surges on issuing commercial paper worth Rs 180 crore

08 Jun 2017

Rashtriya Chemicals & Fertilizers (RCF) is currently trading at Rs. 86.75, up by 1.50 points or 1.76% from its previous closing of Rs. 85.25 on the BSE.

The scrip opened at Rs. 85.25 and has touched a high and low of Rs. 87.90 and Rs. 84.30 respectively. So far 469958 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 99.75 on 15-May-2017 and a 52 week low of Rs. 40.50 on 21-Nov-2016.

Last one week high and low of the scrip stood at Rs. 89.20 and Rs. 84.30 respectively. The current market cap of the company is Rs. 4689.35 crore.

The promoters holding in the company stood at 80.00%, while Institutions and Non-Institutions held 7.45% and 12.55% respectively.

Rashtriya Chemicals and Fertilizers (RCF) has issued Commercial Paper for Rs 180 crore on June 8, 2017, in favour of State Bank of India (SBI), having maturity date as September 6, 2017. This step has been taken in terms of the guidelines issued by the Reserve Bank of India (RBI).

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.

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RCF Share Price

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