NACL Industries gains as its arm acquires GIDC industrial land at Dahej

28 Oct 2020

NACL Industries is currently trading at Rs. 36.70, up by 0.70 points or 1.94% from its previous closing of Rs. 36.00 on the BSE.

The scrip opened at Rs. 36.70 and has touched a high and low of Rs. 36.70 and Rs. 36.70 respectively. So far 929 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 51.10 on 27-Aug-2020 and a 52 week low of Rs. 17.05 on 25-Mar-2020.

Last one week high and low of the scrip stood at Rs. 37.95 and Rs. 35.70 respectively. The current market cap of the company is Rs. 701.08 crore.

The promoters holding in the company stood at 63.30%, while Institutions and Non-Institutions held 2.20% and 34.51% respectively.

NACL Industries’ wholly owned subsidiary--NACL Spec-Chem (NSCL) has acquired the Gujarat Industrial Development Corporation (GIDC) industrial land admeasuring around 19.70 acres (79,752.94 Sq. Mtrs) situated at Dahej-II, Industrial Area / Estate, Bharuch District, Gujarat (along-with Environment Clearance).

NSCL has received GIDC transfer order in respect of the said industrial land and paid the purchase consideration (plus applicable GIDC transfer fees). The said industrial land will be utilized to set up the green-field project for manufacturing of Agrochemicals, Active Ingredients and Formulation.

NACL Industries produces a comprehensive range of pesticide Technicals and Formulations.

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