Navin Fluorine gains as its arm to invest Rs 450 crore to set up new hydrofluoric acid capacity at Dahej
Navin Fluorine International is currently trading at Rs. 4211.65, up by 10.35 points or 0.25% from its previous closing of Rs. 4201.30 on the BSE.
The scrip opened at Rs. 4247.95 and has touched a high and low of Rs. 4247.95 and Rs. 4162.00 respectively. So far 1838 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 4847.35 on 15-Sep-2022 and a 52 week low of Rs. 3438.65 on 20-Jun-2022.
Last one week high and low of the scrip stood at Rs. 4247.95 and Rs. 4050.00 respectively. The current market cap of the company is Rs. 20961.97 crore.
The promoters holding in the company stood at 29.40%, while Institutions and Non-Institutions held 42.97% and 27.63% respectively.
Navin Fluorine International’s wholly owned subsidiary -- Navin Fluorine Advanced Sciences (NFASL) has received an approval from the Board for a capital expenditure of Rs 450 crore for setting up a new 40,000 tonnes per annum hydrofluoric acid capacity at Dahej.
This is a new capacity for NFASL. Currently, the Company has AHF manufacturing plant with a capacity of approximately 20,000 tonnes per annum at Surat. The new capacity is expected to come on stream in 2 years. The project will be funded through a mix of internal accruals and debt.
Navin Fluorine International is primarily focuses on fluorine chemistry - producing refrigeration gases, inorganic fluorides, specialty organofluorines and offers Contract Research and Manufacturing Services.