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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.

 


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