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2024-12-03 10:20:33 am | Source: Accord Fintech
Chambal Fertilisers and Chemicals moves up on signing agreement with TERI
Chambal Fertilisers and Chemicals moves up on signing agreement with TERI

Chambal Fertilisers and Chemicals is currently trading at Rs. 527.00, up by 2.45 points or 0.47% from its previous closing of Rs. 524.55 on the BSE.

The scrip opened at Rs. 524.55 and has touched a high and low of Rs. 529.10 and Rs. 523.55 respectively. So far 10035 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 575.00 on 21-Jun-2024 and a 52 week low of Rs. 321.20 on 21-Dec-2023.

Last one week high and low of the scrip stood at Rs. 535.90 and Rs. 473.80 respectively. The current market cap of the company is Rs. 21156.44 crore.

The promoters holding in the company stood at 60.40%, while Institutions and Non-Institutions held 22.22% and 17.37% respectively.

Chambal Fertilisers and Chemicals (CFCL) and the Energy and Resources Institute (TERI) have signed an agreement for Research to establish the ‘CFCLTERI Centre of Excellence for Advanced and Sustainable Agriculture Solutions’.  

The joint initiative of CFCL and TERI aims to address the pressing challenges in the Indian agriculture sector, such as stagnating agricultural productivity, soil health degradation, poor nutrient use efficiency, reduced response (resistance) to chemicals and negative impact of excessive synthetic inputs on environment and human health, by developing innovative biogenic solutions, such as nano biotechnology based alternative fertilizers, bio-fertilizers, bio-stimulants, and biological control agents and biopesticides which would have no negative impact on environment and human health and provide improved benefit to cost ratio to farmers.

With the grant-in-aid from CFCL over a period of 5 years, TERI will carry out end-to-end research, and products will be jointly developed to provide biological solutions as a complement to chemical agri-inputs. 

Chambal Fertilisers and Chemicals (CFCL), one of India’s leading urea manufacturers, produces nearly 12% of the country’s total urea.

 

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