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GSFC climbs on plans to enhance production capacity of Nylon-6 Project

18 Nov 2011

Gujarat State Fertilizers & Chemicals is currently trading at Rs. 476.70, up by 2.95 points or 0.62% from its previous closing of Rs. 473.75 on the BSE.

The scrip opened at Rs. 470.00 and has touched a high and low of Rs. 477.00 and Rs. 459.00 respectively. So far 9341 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 503.95 on 14-Nov-2011 and a 52 week low of Rs. 304.00 on 09-Dec-2010.

Last one week high and low of the scrip stood at Rs. 503.95 and Rs. 452.65 respectively. The current market cap of the company is Rs. 3775.57 crore.

The promoters holding in the company stood at 37.84% while Institutions and Non-Institutions held 37.40% and 24.76% respectively. 

Gujarat State Fertilizers & Chemicals (GSFC), a complex fertilizers and industrial products manufacturing company has decided to enhance the existing production capacity of its Nylon-6 Engineering Plastic to meet with the requirement of engineering and film grade plastics. The company for this will be setting up project for additional 15,000 MTPY capacity its Fertilizernagar Unit, Vadodara, Gujarat at an estimated cost of Rs 125 crore.

Technology leader Lurgi, GmbH, Germany, who has provided number of similar projects globally, will be providing technology, know-how, basic design, supply of proprietary items and technical advisory services to GSFC. The agreement for the same was signed between GSFC and Lurgi GmbH, Germany at Corporate Office of GSFC, Fertilizernagar, Vadodara, Gujarat on November 11, 2011. 

 Gujarat State Fertilisers & Chemicals (GSFC) is engaged in manufacturing of fertilizers and industrial products. It was earlier known as Gujarat State Fertilizer Company (GSFC) which was joint sector enterprise set up by the Government of Gujarat.

Related Gujarat State Fertilizers & Chemicals Ltd. Links:

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