 "Shree Pushkar Chemicals rallies on commercial production of SOP")
Shree Pushkar Chemicals & Fertilisers has rallied to its record high of Rs 196, up 17% on BSE, after the company announced the start of commercial production of Sulphate of Potash (SOP) around end September 2016.
On August 2016 the company had announced trial runs of the SOP plant, a soluble potassic fertiliser with a capacity of 10,000 MTA.
“Simultaneously along with the commercial production of the SOP plant it has also commenced trial runs of the “Granular Calcium Chloride” plant of the capacity of 6500 MTA, a byproduct in the manufacture of SOP,” Shree Pushkar Chemicals & Fertilisers said in BSE filing.
The commercial production of the said plant is slated to commence by end November 2016, it added.
Granular Calcium Chloride is a hygroscopic material and finds application as a desiccating agent. It is also extensively used as a deicing agent in the western countries during snow falls. The product is being manufactured from the Hydrochloric Acid generated as a byproduct in the manufacture of SOP.
At 10:05 am, the stock was up 15% to Rs 193 on BSE, as compared to 0.18% rise in the S&P BSE Sensex. The trading volumes on counter more than doubled with a combined 2.21 million shares were traded daily in past two weeks on BSE and NSE.
On August 2016 the company had announced trial runs of the SOP plant, a soluble potassic fertiliser with a capacity of 10,000 MTA.
“Simultaneously along with the commercial production of the SOP plant it has also commenced trial runs of the “Granular Calcium Chloride” plant of the capacity of 6500 MTA, a byproduct in the manufacture of SOP,” Shree Pushkar Chemicals & Fertilisers said in BSE filing.
The commercial production of the said plant is slated to commence by end November 2016, it added.
Granular Calcium Chloride is a hygroscopic material and finds application as a desiccating agent. It is also extensively used as a deicing agent in the western countries during snow falls. The product is being manufactured from the Hydrochloric Acid generated as a byproduct in the manufacture of SOP.
At 10:05 am, the stock was up 15% to Rs 193 on BSE, as compared to 0.18% rise in the S&P BSE Sensex. The trading volumes on counter more than doubled with a combined 2.21 million shares were traded daily in past two weeks on BSE and NSE.