Rashtriya Chemicals to invest Rs 4000 cr; stock surges 4%

Subscribe to GoodReturns
For Quick Alerts
ALLOW NOTIFICATIONS  
For Daily Alerts
    Rashtriya Chemicals to invest Rs 4000 cr; stock surges 4%
    Rashtriya Chemicals and Fertilisers stocks surged on Friday after the company said it has plans of expanding the capacity of urea and have plans to invest Rs 4,000 crore to strengthen urea capacity in the next three years.
     

    The shares of the company were seen trading higher by 4% at Rs 51.25 on NSE at 11.50 am IST.

    "The company plans to expand the capacity of urea at Thal by setting up one single stream ammonia plant of capacity 2,200 TPD (tonnes per day) and one single stream urea plant of capacity 3,850 TPD at the existing site," RCF had yesterday said in a BSE filing.

    The cost of the project is expected to be Rs. 4000 crore and will be completed in 36 months period from the zero date, further added.

    Board in the meeting held on August 27, 2012, has approved for applying lot PIB/CCEA clearance for the project. Company would also be starting the process for financial tie-up/closure and the LSTK Contract will be awarded after receiving the PIB/CCEA clearance.

    GoodReturns.in

    Read more about: rashtriya chemicals
    Company Search
    Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'

    Find IFSC

    We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more