Deepak Fertilisers & Petrochemicals is currently trading at Rs. 165.60, up by 6.95 points or 4.38% from its previous closing of Rs. 158.65 on the BSE.
The scrip opened at Rs. 162.00 and has touched a high and low of Rs. 167.80 and Rs. 161.00 respectively. So far 56,486 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 212.40 on 03-Nov-2010 and a 52 week low of Rs. 102.15 on 25-May-2010.
Last one week high and low of the scrip stood at Rs. 167.80 and Rs. 152.10 respectively. The current market cap of the company is Rs. 1402.02 crore.
The promoters holding in the company stood at 42.61% while Institutions and Non-Institutions held 21.14% and 36.25% respectively.
Deepak Fertilisers & Petrochemicals Corporation (DFPCL) proposing to “go global” is accordingly working towards setting up 300 kpta TAN plant is South Australia in the State of Australia to enable the state to realize its ambitious growth plans in resource (minning) and infrastructure sectors. This would be first such plant in SA and will provide cost-effective TAN supplies primarily to local end users. Beyond supplies, the company will also bring in deep knowledge base of products application engineering in mines.
The government of SA has indentified a potentially suitable site for the project, which will be the subject for further feasibility study. The site is close to a deep sea port and nearby city having a long established industrial history with complete infrastructure, skilled workforce etc, thereby providing the project with a more favorable cost competitive construction and operating environment compared to many parts of Australia.
This positive step from the government of SA will enable the company to proceed with the Detailed Feasibility Report (DFR), Environment Impact Assessment (EIA) study and other statutory clearance in the course of next 12-15months and the project will be completed 24 months thereafter. The estimated cost of the projects is around $350 million. While the project is expected to bring in significant socio-economic benefits to the region, the SA state and Australia as a nation, it will enable DFPCL to establish a global foot prints.
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