RCF gains on plan to invite bids for capacity expansion at Thal plant

Rashtriya Chemicals & Fertilizers is currently trading at Rs 59.10, up by 1.20 points or 2.07% from its previous closing of Rs 57.90 on the BSE.

The scrip opened at Rs. 58.20 and has touched a high and low of Rs. 59.55 and Rs. 58.05 respectively. So far 158907 shares were traded on the counter.

The BSE group 'B ' stock of face value Rs 10 has touched a 52 week high of Rs 70.75 on 17-Jun-2014 and a 52 week low of Rs. 30.15 on 17-Feb-2014.

Last one week high and low of the scrip stood at Rs 58.95 and Rs 54.80 respectively. The current market cap of the company is Rs. 3265.99 crore.

The promoters holding in the company stood at 80.00% while Institutions and Non-Institutions held 10.38% and 9.62% respectively.

State-run Rashtriya Chemicals and Fertilisers (RCF) will soon invite bids for its proposed Rs 4,500-crore urea capacity expansion at its Thal plant near Mumbai. The Mini-Ratna company, which will be increasing fertiliser prices by 2-3 per cent to offset the natural gas price hike impact on margins from this month, is going to set up a new urea capacity at its Thal plant near Mumbai with an estimated investment of Rs 4,500 crore.

RCF, along with Coal India, GAIL and Fertiliser Corporation of India, is setting up Rs 9,000-crore facility at Talcher in Odisha and the plant is likely to be commissioned in 2019