Wednesday, 18 June 2014

Gujarat Fluorochemicals surges as its subsidiary bags order worth Rs 900 crore

The scrip is currently trading at Rs. 452.00, up by 12.10 points or 2.75% from its previous closing of Rs. 439.90 on the BSE.
The scrip opened at Rs. 448.00 and has touched a high and low of Rs. 454.80 and Rs. 448.00 respectively. So far 710 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 474.25 on 12-Jun-2014 and a 52 week low of Rs. 190.00 on 22-Aug-2013.
Last one week high and low of the scrip stood at Rs. 474.25 and Rs. 433.20 respectively. The current market cap of the company is Rs. 4832.30 crore.
The promoters holding in the company stood at 70.03 % while Institutions and Non-Institutions held 3.63 % and 26.34 % respectively.
Gujarat Fluorochemicals’ subsidiary, Inox Wind, has bagged order worth Rs 900 crore order for 170 MW project in and around Ratlam and Mandsaur districts of Madhya Pradesh. The order for 85 units of Inox Wind's newly launched 2MW wind turbine with 100 meter rotor diameter has been awarded by Continuum Wind Energy, a Singapore based company, indirectly majority owned by Morgan Stanley Infrastructure Partners.
Gujarat Fluorochemicals, part of the $2 billion INOX group of companies, is engaged in manufacturing of chloro-fluorocarbon refrigerant gases and hydrous hydrofluoric acid. The INOX group has interests in areas of industrial gases, refrigerants, chemicals, carbon credits, cryogenic engineering, renewable energy and entertainment.

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