Breaking News

You are here » Indian-Commodity  :  Equity & Shares  :  National Fertilizers gains on getting LoI from SDSC-SHAR

18-Apr2017

National Fertilizers gains on getting LoI from SDSC-SHAR

National Fertilizers is currently trading at Rs. 78.60, up by 0.45 points or 0.58% from its previous closing of Rs. 78.15 on the BSE.

The scrip opened at Rs. 79.00 and has touched a high and low of Rs. 79.90 and Rs. 78.30 respectively. So far 127197 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 80.95 on 31-Mar-2017 and a 52 week low of Rs. 29.25 on 02-May-2016.

Last one week high and low of the scrip stood at Rs. 79.90 and Rs. 73.10 respectively. The current market cap of the company is Rs. 3865.76 crore.

The promoters holding in the company stood at 89.71%, while institutions and non-institutions held 6.20% and 4.09% respectively.

National Fertilizers (NFL) has received Letter of Intent (LoI) from SDSC-SHAR (Satish Dhawan Space Centre, Sriharikota) for establishing Di-Nitrogen Tetroxide (N2O4) Production Plant (NPP) on Build, Own, Operate & Supply (BOOS) model. The project will be set-up on BOOS model at NFL Vijaipur, Guna, Madhya Pradesh. The Plant capacity shall be around 1095 MT N2O4 per annum. The Product (N2O4) shall be exclusively supplied to SDSC-SHAR under long-term agreement for 25 years period. Further, Project activities shall start around July 2017 with a gestation period of 18 months.

National Fertilizers is second largest producer of Nitrogenous Fertilizers in the India commanding 16.5% of market share. The company also manufactures spectrum of industrial products which include Methanol, Sodium Nitrate, Sodium Nitrite, Nitric Acid, Sulphur, Liquid Oxygen, Liquid CO2, Liquid Nitrogen etc.

 


Related News

View all news

Reliance Industries slips despite reporting 10% rise in Q4 consolidated net profit

Reliance Industries is currently trading at Rs. 1356.35, down by 26.55 points or 1.92% from its previous closing of Rs. 1382.90 on the BSE.The scrip opened at Rs. 1364.00 and has touched a high and low......

Future Retail trades in green on the BSE

Future Retail is currently trading at Rs. 430.80, up by 0.75 points or 0.17% from its previous closing of Rs. 430.05 on the BSE.The scrip opened at Rs. 430.00 and has touched a high and low of Rs. 435.15......

GVK Power zooms with its arms inking pact with ADIA, NIIF

GVK Power & Infrastructure is currently trading at Rs. 7.98, up by 0.66 points or 9.02% from its previous closing of Rs. 7.32 on the BSE.The scrip opened at Rs. 7.74 and has touched a high and......

Top News

View all news

Bank of Baroda's board to consider issuance of equity shares of Rs 5,042 crore to Govt

Bank of Baroda's board is going to consider issuance of equity shares of Rs 5,042 crore to Government of India on a Preferential Basis. The meeting of the Board of Directors of the Bank is scheduled to......

Gujarat Petrosynthese to invest surplus funds in mutual funds, bonds, securities, shares

Gujarat Petrosynthese has received an approval to invest surplus funds in mutual funds, bonds, securities, shares, inter corporate deposits etc. to optimize its returns. The Board of Directors of the Company......

Reliance's Retail Unit delivers record-breaking performance in revenue, profits during FY19

Reliance Industries' Retail Unit--Reliance Retail has delivered a record-breaking performance in revenue and profits growth for the year 2018-19. Segment Revenue for FY19 grew by 88.7% Y-o-Y to Rs 130,566......