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RCF jumps on starting production at Methanol Plant in Mumbai

10 Sep 2020 Evaluate

Rashtriya Chemicals & Fertilizers is currently trading at Rs. 46.40, up by 0.90 points or 1.98% from its previous closing of Rs. 45.50 on the BSE.

The scrip opened at Rs. 46.30 and has touched a high and low of Rs. 47.05 and Rs. 46.15 respectively. So far 53120 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 60.00 on 30-Oct-2019 and a 52 week low of Rs. 22.05 on 25-Mar-2020.

Last one week high and low of the scrip stood at Rs. 48.70 and Rs. 44.75 respectively. The current market cap of the company is Rs. 2548.80 crore.

The promoters holding in the company stood at 75.00%, while Institutions and Non-Institutions held 4.54% and 20.46% respectively.

Rashtriya Chemicals and Fertilizers (RCF) has started the production at its Methanol Plant at Trombay Unit, Mumbai from September 8, 2020 and this is a step towards Atmanirbhar Bharat. With Methanol production, the company shall no longer be dependent on imports for its own requirement and will also be in a position to satisfy the needs of other Methanol dependent industries. Methanol is widely being used in the production of pharmaceuticals, pesticides, dyestuff etc. With very limited domestic production, the requirement was being met till now with imports.

The Company has entered into the selected list of Methanol producers in the country, providing alternate to import and thus contributing towards Government's ambitious ‘Atmanirbhar Bharat’ Abhiyaan.

RCF, a Government of India Undertaking is a leading fertilizer and chemical manufacturing company with about 80% of its equity held by the Government of India. The company manufactures Urea, Complex Fertilizers, Biofertilizers, Micronutrients, 100 percent water soluble fertilizers, soil conditioners and a wide range of Industrial Chemicals.

RCF Share Price

131.70 2.85 (2.21%)
17-Apr-2026 16:59 View Price Chart
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