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Atul surges as its JV gets environmental clearance to expand MCA production in India

22 Oct 2020 Evaluate

Atul is currently trading at Rs. 5983.20, up by 67.35 points or 1.14% from its previous closing of Rs. 5915.85 on the BSE.

The scrip opened at Rs. 5916.65 and has touched a high and low of Rs. 6012.40 and Rs. 5913.25 respectively. So far 566 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 7021.25 on 16-Sep-2020 and a 52 week low of Rs. 3256.60 on 19-Mar-2020.

Last one week high and low of the scrip stood at Rs. 6140.00 and Rs. 5755.00 respectively. The current market cap of the company is Rs. 17767.97 crore.

The promoters holding in the company stood at 44.81%, while Institutions and Non-Institutions held 31.62% and 23.58% respectively.

Anaven, a joint venture (JV) of Nouryon and Atul, has received the environmental clearance for its 32,000 metric tons monochloroacetic acid (MCA) plant in Gujarat, India. Construction is due to be completed this year to supply MCA to the Indian market by the end of the year.

The 50-50 joint venture will become the largest MCA plant in India. It will use chlorine and hydrogen manufactured by Atul to produce up to 32,000 metric tons of MCA per year, with the possibility to expand this to 60,000 metric tons per year in the future. Atul will consume a portion of the MCA directly in its own production and the balance will be supplied to the Indian market.

Atul operates through six business divisions, namely, Agrochemicals, Aromatics, Bulk Chemicals & Intermediates, Colors, Pharmaceuticals & Intermediates and Polymers.

Atul Share Price

6798.50 4.10 (0.06%)
05-Aug-2026 13:29 View Price Chart
Peers
Company Name CMP
SRF 2636.15
BASF India 4017.00
Pidilite Inds. 1642.25
Tata Chemicals 669.15
GNFC 535.45
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