Rashtriya Chemicals zooms 8%; likely to get clearance for new urea plant
Rashtriya Chemicals and Fertilizers Ltd ended higher by 8 per cent to Rs.43. Report says that the company is likely to get clearance from the Public Investment Board (PIB) for establishing a new urea plant at its current manufacturing facility at Thal in Maharashtra. The scrip opened at Rs. 41.55 and has touched a high and low of Rs. 43.7 and Rs. 41.35 respectively. So far shares were traded on the counter. The current market cap of the company is Rs. 2220.55 crore.