Nagarjuna Fertilizers and Chemicals restarts urea production at Andhra Pradesh plant; Stock gains 4%

18 Apr 2022 , 09:19 AM

Nagarjuna Fertilizers and Chemicals Ltd stocks rally in the market on Monday as has announced the restart of Urea Production in Plant II in Andhra Pradesh.

As per regulatory filing, the company has restarted Urea Production in Plant – II, at Kakinada, Andhra Pradesh, from April 15, 2022 and expected to stabilize production by April 20, 2022.

At around 9:20 AM, Nagarjuna Fertilizers & Chemicals was trading at Rs15.60 apiece up by Rs0.61 or 4.07% from its previous closing of Rs14.99 apiece on the BSE.