RCF zooms on receiving prior Environmental Clearance for Nano Urea Project
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Rashtriya Chemicals and Fertilizers is currently trading at Rs. 112.00, up by 4.10 points or 3.80% from its previous closing of Rs. 107.90 on the BSE.
The scrip opened at Rs. 108.90 and has touched a high and low of Rs. 113.65 and Rs. 108.10 respectively. So far 288028 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 144.80 on 15-Dec-2022 and a 52 week low of Rs. 87.75 on 23-Aug-2022.
Last one week high and low of the scrip stood at Rs. 115.30 and Rs. 105.40 respectively. The current market cap of the company is Rs. 6002.37 crore.
The promoters holding in the company stood at 75.00%, while Institutions and Non-Institutions held 2.62% and 22.38% respectively.
Rashtriya Chemicals and Fertilizers (RCF) has received prior Environmental Clearance (EC) from Ministry of Environment, Forest and Climate Change, IA division, vide its letter dated August 11, 2023, for the proposed project -Installation of New Nano-Urea Fertilizer Plant of total capacity 27,375 KL/annum located at RCF Trombay Unit Industrial Area, Chembur, Suburban Mumbai.
RCF, a Government of India Undertaking is a leading fertilizer and chemical manufacturing company with about 80% of its equity held by the Government of India. The company manufactures Urea, Complex Fertilizers, Biofertilizers, Micronutrients, 100 percent water soluble fertilizers, soil conditioners and a wide range of Industrial Chemicals.
