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Rashtriya Chemicals & Fertilizers jumps on plan for capacity expansion

31 Aug 2012

Rashtriya Chemicals & Fertilizers is currently trading at Rs. 50.75, up by 1.40 points or 2.84% from its previous closing of Rs. 49.35 on the BSE.

The scrip opened at Rs. 49.90 and has touched a high and low of Rs. 50.95 and Rs. 49.90 respectively. So far 34,000 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 85.45 on 09-Sep-2011 and a 52 week low of Rs. 42.15 on 20-Dec-2011.

Last one week high and low of the scrip stood at Rs. 53.50 and Rs. 47.65 respectively. The current market cap of the company is Rs. 2,799.00 crore.

The promoters holding in the company stood at 92.50% while Institutions and Non-Institutions held 1.75% and 5.75% respectively.

Rashtriya Chemicals and Fertilizers is planning to expand the capacity of urea at Thal by setting up one single stream ammonia plant of capacity 2200 MTPD and one single stream urea plant of capacity 3850 MTPD at the existing site. The selection process for lump-sum turnkey contractors (LSTK) for main plants has been completed. The project cost is expected to be Rs 4,000 crore and will be completed in 36 months period from the zero date.

Further, the company’s board in the meeting held on August 27, 2012, approved for applying lot PIB/CCEA clearance for the project.

Action for tie-up of feedstock and for obtaining Environmental clearance is being undertaken. The company would also be starting the process for financial tie-up/closure and the LSTK Contract will be awarded after receiving the PIB/CCEA clearance.

Related Rashtriya Chemicals & Fertilizers Ltd. Links:

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