Gujarat State Fertilisers Tanks As Plant Shuts

Gujarat State Fertilisers stock tanked 0.08% at Rs 124.35 per share on BSE post lunch hours.

The company on Monday has announced that it has shut down its ammonia-IV plant on July 6, 2017 due to detection of leakage of high-pressure process gas from hot header of reformer box.

Urea-II plant was also shutdown due to non-availability of CO2 gas which is by-product of ammonia-IV plant. All other plants of GSFC are operational with a supply of ammonia from ammonia storage tanks.

Meanwhile, the stock has attracted a traded volume of 9,20,346 shares and a traded value of Rs 1,140.86 lakh on NSE. As per market observers, the company has been maintaining a dividend payout of 22.73%.

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