Black Rose Industries commences N-Methylol Acrylamide production; Stock under pressure

22 Feb 2022 , 09:35 AM

Black Rose Industries Limited, a Speciality Chemicals company was under pressure on the bourses amid weak markets despite the announcement of the commencement of N-Methylol Acrylamide (NMA) production.

The company said in a filing on Monday that it has commenced commercial production of NMA at its manufacturing facility situated at Jhagadia, Gujarat, on February 21, 2022.

The current installed capacity of NMA is 2000 MTPA.

At around 9.40 am, Black Rose Industries Ltd was trading at Rs187 per piece down by Rs5.3 or 2.76% from its previous closing of Rs192.30 per piece on the BSE.

The scrip opened at Rs187.05 and has touched a high and low of Rs188.80 and Rs185.05 respectively.