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Mangalore Chemicals & Fertilizers shines on receiving EC for fertilizer plant

20 Aug 2018 Evaluate

Mangalore Chemicals & Fertilizers is currently trading at Rs. 60.95, up by 5.60 points or 10.12% from its previous closing of Rs. 55.35 on the BSE.

The scrip opened at Rs. 57.80 and has touched a high and low of Rs. 64.00 and Rs. 57.50 respectively. So far 170680 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 89.20 on 01-Dec-2017 and a 52 week low of Rs. 52.05 on 02-Jul-2018.

Last one week high and low of the scrip stood at Rs. 64.00 and Rs. 53.05 respectively. The current market cap of the company is Rs. 722.35 crore.

The promoters holding in the company stood at 63.96%, while Institutions and Non-Institutions held 13.27% and 22.77% respectively.

Mangalore Chemicals & Fertilizers has received Environmental Clearance (EC) for the project of expansion cum modernization of fertilizer plant.

The existing capacity for Ammonia plant is 2,47,500 MTs per annum (p.a.) and the proposed additional capacity will be 81,000 MTs p.a. and for the Urea plant the existing capacity is 4,29,000 MTs p.a. which will be increase with an additional capacity of 1,40,400 MTs p.a.

The existing capacity for OAP & NPK plant is 4,01,500 MTs per annum (p.a.) and the proposed additional capacity will be 10,00,000 MTs p.a. and for the SNF/PCE the existing capacity is 85,000 MTs p.a. which will be increased with an additional capacity of 18,000 MTs p.a.

Mangalore Chemicals & Fertilizers is a Fertilizers Manufacturing company situated in the state of Karnataka, India. The company with its wide range of products that include Urea, Di-Ammonium Phosphate, Muriate of Potash, Granulated Fertilizers, Micronutrients, Soil Conditioners and Specialty Fertilizers, touches and enriches the lives of farmers across Southern India.

Mangalore Amalgamati Share Price

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