Rama Phosphates rises on setting up new manufacturing unit for manufacture of LABSA

28 Jan 2021

Rama Phosphates is currently trading at Rs. 86.55, up by 0.05 points or 0.06% from its previous closing of Rs. 86.50 on the BSE.

The scrip opened at Rs. 84.15 and has touched a high and low of Rs. 88.00 and Rs. 84.15 respectively. So far 10659 shares were traded on the counter.

The BSE group 'X' stock of face value Rs. 10 has touched a 52 week high of Rs. 109.85 on 05-Jan-2021 and a 52 week low of Rs. 21.55 on 31-Mar-2020.

Last one week high and low of the scrip stood at Rs. 92.95 and Rs. 84.15 respectively. The current market cap of the company is Rs. 153.93 crore.

The promoters holding in the company stood at 75.00%, while Institutions and Non-Institutions held 0.03% and 24.97% respectively.

Rama Phosphates has set up new manufacturing unit at its existing factory premises at Udaipur for manufacture of Linear Alkyl Benzene Sulphonic Acid (LABSA) having installed capacity of 18000 TPA and also a new Sulphuric Acid 170 TPD capacity at Indore unit.

As a part of forward integration, LABSA would be produced from Sulphuric Acid which is the basic raw material of soaps, detergents, surfactants and disinfection products etc. and this LABSA product is in great demand in the present situation. Besides, trial production of Sulphuric Acid from Indore facility has been successful and update of commercial production shall be communicated soon. These two products, viz., LABSA and Sulphuric Acid will substantially contribute to the turnover of the Company.

Rama Phosphates is engaged in manufacturing phosphatic fertilizers viz. Single Super Phosphate (SSP) in Powder as well as Granule form, Mixed fertilizers namely NPK of various grades, Fortified fertilizer namely Boronated Single Super Phosphate (Powder and Granule), Micronutrients namely Magnesium Sulphate.

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Rama Phosphates Share Price

141.55 -0.25 (-0.18%) May 14, 18:01
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Peers
Company Name CMP
Coromandel Interntl. 768.55
National Fertilizers 68.90
Chambal Fert & Chem 270.50
RCF 82.75
GSFC 115.65
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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323

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