Rama Phosphates stock ends ~7% higher on commencement of commercial production at Nimbahera plant

27 Jan 2022 , 03:45 PM

Rama Phosphates Ltd has updated to the exchanges regarding commencement of commercial production of Single Super Phosphate (SSP) at Nimbahera Plant.

Earlier on December 09, 2021 the company informed in a filing regarding taking on lease a Manufacturing unit at Nimbahera, Chittorgarh District, Rajasthan for manufacturing of Single Super Phosphate (Powder & Granulated) with capacity of 66,000 metric tonnes per annum (MTPA) and which would enhance the total aggregate existing manufacturing capacity to 6.98 lacs metric tonnes per annum (MTPA).

With reference to the same, Company announced that the unit has obtained necessary statutory approvals and accordingly the Commercial Production has commenced with effect from January 26, 2022.

On Thursday, Rama Phosphates ended at Rs397.85 per share up by Rs25.4 or 6.82% on Sensex.