Navin Fluorine International spikes after co. commences production at Dewas plant in MP

In December, the company had announced a Rs450cr investment in a new project in Gujarat’s Dahej.

Jan 08, 2020 05:01 IST India Infoline News Service

Navin Fluorine International

Shares of Navin Fluorine International Ltd. rose 6% intraday and are currently up 4% after the company announced that post successful mechanical completion and plant trials, the Company's cGMP capacity addition at Dewas Plant, Madhya Pradesh, has commenced commercial production with effect from January 6, 2020.

In December, the company had announced a Rs450cr investment in a new project in Gujarat’s Dahej.

The Dewas facility is the hub of the firm’s CRAMS activities.

Navin Fluorine International Limited is currently trading at Rs1,070 up by Rs48.2 or 4.72% from its previous closing of Rs1,021.80 on the BSE.
The scrip opened at Rs1,045 and has touched a high and low of Rs1,083.95 and Rs1,033.95 respectively. So far 1,35,198 (NSE+BSE) shares were traded on the counter.
The current market cap of the company is Rs5,055cr.

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