Ammonia-Urea plants of Zuari Agro Chemicals to be revamped

Zuari Agro Chemicals on Saturday announced that the board of directors of the company at its meeting held on May 19, 2017, has considered and approved the Integrated Revamp of Ammonia-Urea plants at a cost of approx. Rs. 1300 crore.

May 22, 2017 12:05 IST India Infoline News Service

Zuari Agro Chemicals on Saturday announced that the board of directors of the company at its meeting held on May 19, 2017, has considered and approved the Integrated Revamp of Ammonia-Urea plants at a cost of approx. Rs. 1300 crore.  
 
After this, the urea capacity will increase from 1350 MTPD to 1800 MTPD and Energy per tonne of Urea will be 5.39 Gcal as against existing 6.67 Gcal, as per BSE filing.
 
Zuari Agro Chemicals is up by 0.6% at Rs 413.80 per share at 12:11 hours IST on BSE. It hit a high of Rs 422 and a low of Rs 404.20 so far during the day. The market capitalisation of the company is Rs 1734.89 crore.
 
Zuari Agro Chemicals Limited is engaged in the manufacture, sale and trading of fertilisers and seeds.
 

Stock View:
 
Zuari Agro Chemicals Ltd is currently trading at Rs 414.4, up by Rs 3.4 or 0.83% from its previous closing of Rs 411 on the BSE.
 
The scrip opened at Rs 412.5 and has touched a high and low of Rs 422 and Rs 404.2 respectively. So far 56613(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs 1728.67 crore.
 
The BSE group 'B' stock of face value Rs 10 has touched a 52 week high of Rs 450 on 10-May-2017 and a 52 week low of Rs 158.15 on 24-May-2016. Last one week high and low of the scrip stood at Rs 437.5 and Rs 399.75 respectively.
 
The promoters holding in the company stood at 66.08 % while Institutions and Non-Institutions held 10.47 % and 23.46 % respectively.
 
The stock is currently trading above its 50 DMA.

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