Tuticorin Alkali Chemicals & Fertilisers jumps on starting commercial production of green soda ash
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Tuticorin Alkali Chemicals and Fertilizers is currently trading at Rs. 96.53, up by 2.21 points or 2.34% from its previous closing of Rs. 94.32 on the BSE.
The scrip opened at Rs. 94.65 and has touched a high and low of Rs. 98.89 and Rs. 94.65 respectively. So far 49698 shares were traded on the counter.
The BSE group 'X' stock of face value Rs. 10 has touched a 52 week high of Rs. 104.00 on 20-Oct-2023 and a 52 week low of Rs. 43.70 on 26-Dec-2022.
Last one week high and low of the scrip stood at Rs. 103.40 and Rs. 89.00 respectively. The current market cap of the company is Rs. 1176.08 crore.
The promoters holding in the company stood at 75.00%, while Institutions and Non-Institutions held 6.52% and 18.48% respectively.
Tuticorin Alkali Chemicals & Fertilisers (TFL) has started commercial production of green soda ash, an ingredient used to make products of everyday use. The company achieved this breakthrough by leveraging cutting edge carbon-capture technology to establish carbon-neutrality in the manufacture of soda ash.
To produce green soda ash, TFL set up a CO2 Recovery Plant to capture carbon from coal used as fuel in its boiler for steam production. The carbon is converted into biomass fuel to eliminate fossil-fuel usage, thus achieving carbon-neutrality in the manufacturing process. Further, TFL uses green ammonium, imported from Egypt, to produce its near-zero soda ash.
Tuticorin Alkali Chemicals & Fertilisers’ principal activity is the manufacture and sale of soda ash, ammonium chloride, sodium bicarbonate, ammonium bicarbonate and bioproducts.
