Zuari Agro Chemicals

A section of players is wary of the proliferation of counterfeit products unless more checks and balances are put in place

After the opposition benches termed Zuari Agro Chemical's 'land selling' a scam of Rs 50,000 crore, Goa Chief Minister Pramod Sawant assured the house to keep the registration of sale deeds on hold

Deepak Fertilisers has broken out of the consolidation range of Rs 390 to Rs 340 levels, and can rally up to Rs 450-odd levels.

The company prepared a draft red herring prospectus and sought views, as well as a go-ahead, from DIPAM

The plant is located in Goa

Zuari Agrochemicals on Tuesday said it will sell its fertiliser plant and the associated biz at Goa to Paradeep Phosphates (PPL) for an enterprise value of USD 280 million (over Rs 1,100 crore).

Birla's sale of fertiliser arm comes within two years of Tata's exit from sector

Bankers say they are worried especially after the group flagship's plans to raise Rs 400 crore via a rights issue was put off and ongoing pandemic disrupted sales and production

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Finest group is one of the large minority shareholders and has conveyed its dissent and concerns for the way in which minority shareholders of ZACL are treated

Net income declined to Rs 1,031.93 crore during quarter under review from Rs 2,001.30 crore in the corresponding period of the preceding fiscal

The proposal was to raise funds by issue of equity shares and/or any other permissible securities

The board has constituted a committee for implementation of the fundraising plan

The stock locked in upper circuit of 20% at Rs 591 on the BSE after the company reported four-fold jump in net profit at Rs 53.52 crore in Q2FY18

Zuari Agro Chemicals today said its board has approved revamp of its ammonia-urea plants at a cost of Rs 1,300 crore. In a filing to the BSE, the company informed that the board at its meeting held on May 19 "considered and approved the integrated revamp of ammonia-urea plants at a cost of approx Rs 1,300 crore". As a result, the urea capacity will increase from 1,350 tonnes per day to 1,800 tonnes per day while energy per tonne of urea will be 5.39 Gcal as against existing 6.67 Gcal. Zuari Agro Chemicals has an integrtated facility in Goa with an annual installed capacity of 9,46,000 tonnes of fertilisers. The entire manufacturing facility comprises four separate plants, namely ammonia, urea, NPK A and NPK B. Saron Poddar-led Zuari group had acquired a controlling stake in Vijay Mallya's UB group firm Mangalore Chemicals & Fertilisers.

The stock surged 8% to Rs 189 on the BSE.