Shares of National Chemicals and Fertilizers Limited (RCFL) rose by 10%.
Rashtriya Chemicals and Fertilizers Ltd (RCFL): Shares of National Chemicals and Fertilizers Limited (RCFL) are in focus today on Friday. Shares of the company rose 10% and reached a new record of Rs 245. There is a good news behind this rise in shares. In fact, the company’s board members approved a purchase order of Rs 515 crore to Topso A/S for procurement of Basic Engineering Design Package (BEDP) and proprietary equipment and catalyst supplies. The order is to be executed within 36 months or 3 years, the company said in its regulatory filing.
What are the details?
RCF is a public sector food and chemical manufacturer. Established in 1978 after the restructuring of the erstwhile Fertilizer Corporation of India Limited into five separate entities, it operates two main units. One of these is in Trombay Mumbai and the other is in Thal Raigarh district, which is located about 100 km from Mumbai. Let us tell you that the product portfolio of RCF includes Neem Urea, Complex Fertilizer, Bio-Fertilizer, Micro Nutrients and 100 percent water soluble fertilizers. Apart from this it is known for manufacturing ammonia, methanol, methylamine, ammonium nitrate and essential chemicals like nitric acid, sulfuric acid and sodium nitrate.
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condition of shares
RCF shares have risen 40 percent so far this year. The multibagger PSU stock has surged more than 102 percent in the last one year. Due to this, investors’ money has doubled. In comparison, the benchmark Nifty has gained about 26 per cent during this period.
