National Fertilizers rises on inking MoA with RFCL

30 Aug 2018

National Fertilizers is currently trading at Rs. 48.00, up by 0.35 points or 0.73% from its previous closing of Rs. 47.65 on the BSE.

The scrip opened at Rs. 48.00 and has touched a high and low of Rs. 48.20 and Rs. 46.80 respectively. So far 10396 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 79.65 on 03-Jan-2018 and a 52 week low of Rs. 40.10 on 20-Jul-2018.

Last one week high and low of the scrip stood at Rs. 51.05 and Rs. 43.90 respectively. The current market cap of the company is Rs. 2337.61 crore.

The promoters holding in the company stood at 74.71%, while Institutions and Non-Institutions held 17.55% and 7.74% respectively.

National Fertilizers (NFL) has signed memorandum of agreement (MoA) with Ramagundam Fertilizers & Chemicals (RFCL) to market RFCL products including 12.71 LMT urea to be produced by RFCL Plant at Ramagundam. The company would market RFCL Urea under its brand ‘Kisan’.

The company has already strengthened its marketing network in Southern India by opening its fourth Zonal Office at Hyderabad. The marketing arrangements entered into would be beneficial to both NFL and RFCL. With the expansion of marketing territory, NFL would become pan India Company and it would also improve its top and bottom line.

RFCL is a Joint venture company promoted by NFL, Engineers India (EIL) and Fertilizer Corporation of India (FCIL) to revive old FCIL plant at Ramagundam in Telangana. The plant is likely to start commercial production by the year 2019.

NFL 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.

Related National Fertilizers Ltd. Links:

National Fertilizers Share Price

54.45 1.20 (2.25%) Apr 13, 18:01
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RCF 74.25
GSFC 85.90
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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323