Deepak Nitrite has received an approval to undertake a porject for manufacturing Phenol and
Acetone with the capital outlay of around Rs 1200 crore. The board of directors at its meeting held on August 07, 2014 has approved for the same.
The proposed Phenol plant will be locatd at Dahej in the state of Gujarat. The said project is proposed to be funded with a suitable mix of debt and equity. The company is studying various financial options for raising resourses based on which, the proposed project may be set either within the company or in a Special Purpose Vehicle as its subsidary.
The promoters holding in the company stood at 56.56% while Institutions and Non Institutions held 6.38% and 37.06% respectively.
The BSE group 'B' stock of face value Rs 2 has touched a 52 week high of Rs. 106.00 on 23- Jun- 2014 and 52 week low of Rs. 21.10 on the 28 -Aug-2013
. The scrip opened at Rs.84.25 and has touched a high and low of Rs.84.25 and Rs.80.35 respectively, so far 11.000 shares were traded on the counter.
Deepak Nitrite currently trading at Rs.82.00 down by 0.15 points or 0.18% from its previous closing of Rs.82.15 on the BSE.
Acetone with the capital outlay of around Rs 1200 crore. The board of directors at its meeting held on August 07, 2014 has approved for the same.
The proposed Phenol plant will be locatd at Dahej in the state of Gujarat. The said project is proposed to be funded with a suitable mix of debt and equity. The company is studying various financial options for raising resourses based on which, the proposed project may be set either within the company or in a Special Purpose Vehicle as its subsidary.
The promoters holding in the company stood at 56.56% while Institutions and Non Institutions held 6.38% and 37.06% respectively.
The BSE group 'B' stock of face value Rs 2 has touched a 52 week high of Rs. 106.00 on 23- Jun- 2014 and 52 week low of Rs. 21.10 on the 28 -Aug-2013
. The scrip opened at Rs.84.25 and has touched a high and low of Rs.84.25 and Rs.80.35 respectively, so far 11.000 shares were traded on the counter.
Deepak Nitrite currently trading at Rs.82.00 down by 0.15 points or 0.18% from its previous closing of Rs.82.15 on the BSE.
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