Tanfac Industries rises on commissioning Solar Grade Dilute Hydrofluoric Acid plant
Tanfac Industries is currently trading at Rs. 3116.30, up by 56.85 points or 1.86% from its previous closing of Rs. 3059.45 on the BSE.
The scrip opened at Rs. 2901.10 and has touched a high and low of Rs. 3149.75 and Rs. 2901.10 respectively. So far 3143 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 3970.00 on 05-Feb-2025 and a 52 week low of Rs. 1890.00 on 08-Oct-2024.
Last one week high and low of the scrip stood at Rs. 3174.80 and Rs. 2901.10 respectively. The current market cap of the company is Rs. 3021.28 crore.
The promoters holding in the company stood at 51.81%, while Institutions and Non-Institutions held 0.57% and 47.62% respectively.
Tanfac Industries has successfully commissioned its 5,000 tonnes per annum (TPA) Solar Grade Dilute Hydrofluoric Acid (DHF) plant. The commissioning follows the approval of the trial production quality by one of India’s major solar energy producers, confirming that the product meets their stringent quality requirements.
This milestone marks Tanfac Industries as the first Indian chemical company to commission a Solar Grade DHF plant, a critical raw material for the solar energy industry. The company is currently implementing the second phase of the project, which aims to expand the total Solar Grade DHF capacity to 10,000 TPA. This expansion is expected to be commissioned within the next three months.
Tanfac Industries is a prominent chemical manufacturing company based in India, specializing in the production of high-quality specialty fluoride chemicals.
