Primo Chemicals surges on getting approval for expansion of existing environmental clearance
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Primo Chemicals is currently trading at Rs. 79.45, up by 0.45 points or 0.57% from its previous closing of Rs. 79.00 on the BSE.
The scrip opened at Rs. 79.00 and has touched a high and low of Rs. 80.90 and Rs. 78.20 respectively. So far 36152 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 100.90 on 19-Apr-2022 and a 52 week low of Rs. 47.41 on 27-Dec-2021.
Last one week high and low of the scrip stood at Rs. 83.80 and Rs. 72.45 respectively. The current market cap of the company is Rs. 1941.17 crore.
The promoters holding in the company stood at 31.35%, while Institutions and Non-Institutions held 0.05% and 68.60% respectively.
Primo Chemicals has received approval from Ministry of Environment, Forest and Climate Change for the expansion of Existing Environmental Clearance (EC) as previously granted by the Ministry by Addition of API (Paracetamol) and its intermediates Manufacturing Plant for B2 Category at Naya Nangal, Dist. Rupnagar, Punjab.
Primo Chemicals has been promoted by the Punjab State Industrial Development Corporation Limited (PSIDC), a wholly owned Punjab Government Company. The product range of the company includes Caustic Soda Lye,Caustic Soda Flakes,Liquid Chlorine,Hydrochloric Acid,Sodium Hypochlorite and Hydrogen Gas.
