The government, in order to reach its divestment target of Rs 30,000 crore by the current financial year, is planning to offload 12.5% equity in Rashtriya Chemicals and Fertilisers (RCF) through an offer for sale (OFS) route in the next month. The RCF issue is expected to hit the market on March 10, 2013. So far this fiscal, the government has raised Rs 21,500 crore through PSU stake sales, against the Budget target of Rs 30,000 crore.
The company has reported 37.13% rise in its net profit at Rs 73.98 crore for the third quarter ended December 31, 2012 as compared to Rs 53.95 crore for the same quarter in the previous year. However, total income from operation of the company has decreased by 3.04% at Rs 1567.83 crore for quarter under review as compared to Rs 1617.05 crore for the quarter ended December 31, 2011.
| Company Name | CMP |
|---|---|
| Coromandel Interntl. | 1974.40 |
| National Fertilizers | 76.05 |
| RCF | 132.50 |
| Chambal Fer. & Chem. | 476.45 |
| Paradeep Phosphates | 134.20 |
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