Deepak Fertilisers shines on commencing production of Nitric Acid in Gujarat

16 Apr 2019 Evaluate

Deepak Fertilisers & Petrochemicals Corporation is currently trading at Rs. 146.70, up by 8.20 points or 5.92% from its previous closing of Rs. 138.50 on the BSE.

The scrip opened at Rs. 144.00 and has touched a high and low of Rs. 148.70 and Rs. 144.00 respectively. So far 49785 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 396.95 on 20-Apr-2018 and a 52 week low of Rs. 104.80 on 24-Jan-2019.

Last one week high and low of the scrip stood at Rs. 148.70 and Rs. 133.00 respectively. The current market cap of the company is Rs. 1221.64 crore.

The promoters holding in the company stood at 51.50%, while Institutions and Non-Institutions held 6.82% and 41.68% respectively.

Deepak Fertilisers & Petrochemicals Corporation has commenced the commercial production of Nitric Acid complex at Dahej in the state of Gujarat. The new facility with project cost of approximately Rs 550 crore, has production capacities of ~92 KTPA for Concentrated Nitric Acid (CNA) and ~149 KTPA for Diluted Nitric Acid (DNA).

The company uses state of the art technology for Nitric Acid with a fully integrated captive power plant and an in-house effluent treatment plant for better reliability and sustainability. As the facility is closer to the major end-use industries, the company would be able to provide improved service levels and deliveries in the region.

Deepak Fertilisers & Petrochemicals Corporation business can be broadly categorized into Chemicals, Agribusiness and Specialty Retailing. The company's chemical division manufactures Methanol, various grades of Nitric Acid and Ammonia.

Deepak Fert & Petro Share Price

556.80 -0.35 (-0.06%)
17-May-2024 16:00 View Price Chart
Peers
Company Name CMP
Coromandel Interntl. 1260.45
National Fertilizers 101.70
Chambal Fert & Chem 405.00
RCF 148.40
Paradeep Phosphates 69.40
View more..
© 2024 The Alchemists Ark Pvt. Ltd. All rights reserved. MoneyWorks4Me ® is a registered trademark of The Alchemists Ark Pvt.Ltd.