National Fertilizers gains on planning to invest Rs 1,250 crore on energy saving projects, new factory

07 May 2018 Evaluate

National Fertilizers is currently trading at Rs. 54.95, up by 1.00 points or 1.85% from its previous closing of Rs. 53.95 on the BSE.

The scrip opened at Rs. 55.70 and has touched a high and low of Rs. 56.60 and Rs. 54.60 respectively. So far 97568 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 89.50 on 11-May-2017 and a 52 week low of Rs. 51.50 on 26-Mar-2018.

Last one week high and low of the scrip stood at Rs. 57.95 and Rs. 53.75 respectively. The current market cap of the company is Rs. 2693.28 crore.

The promoters holding in the company stood at 74.71%, while Institutions and Non-Institutions held 17.65% and 7.63% respectively.

National Fertilizers (NFL) will invest Rs 1,250 crore over the next two years on energy saving projects in its existing five plants and set up a new plant in Madhya Pradesh to produce di-nitrogen tetroxide.

The company is also reviving a closed urea plant at Ramagundam in the state of Telangana, in a joint venture (JV) with Engineers India (EIL), Fertilizer Corporation of India (FCIL) and the state government with an estimated cost of over Rs 5,300 crore.

National Fertilizers is second largest producer of Nitrogenous Fertilizers in the India commanding 16.5% of market share. The company also manufactures spectrum of industrial products which include Methanol, Sodium Nitrate, Sodium Nitrite, Nitric Acid, Sulphur, Liquid Oxygen, Liquid CO2, Liquid Nitrogen etc.

National Fertilizers Share Price

62.75 -5.55 (-8.13%)
01-Feb-2023 18:03 View Price Chart
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