Rashtriya Chemicals up nearly 3% on expansion plans

Rashtriya Chemicals and Fertilizers (RCF) surged on Friday after it said the company has plans to expand the capacity of urea at Thal by setting up one single stream ammonia plant of capacity 2200 MTPD and one single stream urea plant of capacity 3850 MTPD at the existing site. The selection process for lumpsum turnkey contractors (LSTK) for main plants has been completed. The project cost is expected to be Rs 40 billion and will be completed in 36 months period from the zero date. Shares of Rashtriya Chemicals & Fertilizers are trading at Rs 50.80, up Rs 1.45, or 2.94% at the Bombay Stock Exchange (BSE) on Friday at 9:44 a.m.The scrip has touched an intra-day high of Rs 51.50 and low of Rs 49.90. The total volume of shares traded at the BSE is 105,888.In the earlier session, the shares gained 1.44%, or Rs 0.7, at Rs 49.35. Currently, the stock is trading down 40.55% from its 52-week high of Rs 85.45 and above 20.52% over the 52-week low of Rs 42.15.

Share Price Movement Period Pricein Rs Gain/(Loss) in Rs in % 1 Week 51.65 (2.30) (4.45) 1 Month 53.25 (3.90) (7.32) 3 Months 54.45 (5.10) (9.37) 6 Months 67.80 (18.45) (27.21) 1 Year 79.05 (29.70) (37.57) Note: Based on previous day closing price.