Deepak Fertilisers shines on divesting non-core industrial land in Dahej

14 Jan 2020 Evaluate

Deepak Fertilisers & Petrochemicals Corporation is currently trading at Rs. 114.50, up by 4.85 points or 4.42% from its previous closing of Rs. 109.65 on the BSE.

The scrip opened at Rs. 109.85 and has touched a high and low of Rs. 117.80 and Rs. 109.65 respectively. So far 105167 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 169.00 on 18-Apr-2019 and a 52 week low of Rs. 76.45 on 23-Aug-2019.

Last one week high and low of the scrip stood at Rs. 117.80 and Rs. 97.50 respectively. The current market cap of the company is Rs. 1029.42 crore.

The promoters holding in the company stood at 51.61%, while Institutions and Non-Institutions held 6.06% and 42.33% respectively.

Deepak Fertilisers & Petrochemicals Corporation has divested one of its plots of industrial land in Dahej as part of the strategy to divest non-core assets, for total transaction value of Rs 99.2 crore. The deed of assignment was executed in December 2019 and the transfer order from Gujarat Industrial Development Corporation was received accordingly. The Company has received the sale consideration and paid all the related charges & its share of transfer fees.

The Company's existing Nitric Acid plant is situated in Dahej where it continues to have adequate unutilized area in order to take care of any future expansion.

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

504.65 18.10 (3.72%)
28-Mar-2024 16:01 View Price Chart
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