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Rama Phosphates stock ends 7% higher after signing MoU with Rajasthan govt

This investment in the project will accelerate the physical and social developments of the State by generating employment and other spin off benefits to its economy, said company.

January 14, 2022 4:00 IST | India Infoline News Service
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Rama Phosphates Ltd has informed that the Company has signed Memorandum of Understanding (MOU) on January 12, 2022 with Government of Rajasthan for a total investment of Rs15cr for implementing the project and development of Single Super Phosphate powder/granules on the existing land area of approximate 7200 sq.mt. at Umra Jhamar Kotra Road, Udaipur in Rajasthan.

This investment in the project will accelerate the physical and social developments of the State by generating employment and other spin off benefits to its economy.

At around 3:56 AM, Rama Phosphates ended at Rs348.10 apiece up by Rs23.55 or 7.26% on the BSE.

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