Nagarjuna Fertilizers and Chemicals Ltd shuts down ammonia urea plant

Nagarjuna Fertilizers and Chemicals Ltd has announced that, the operating ammonia urea plant, has been temporarily shut down on July 01, 2020, due to the non-execution of amendment to the escrow agreement of the company.

Further, the Company is working with the lenders and gas supplier for the extension of the escrow agreement and expects to resume the operations very soon.

Shares of Nagarjuna Fertilizers and Chemicals Ltd was last trading in BSE at Rs.5.58 as compared to the previous close of Rs. 5.5. The total number of shares traded during the day was 272749 in over 387 trades.

The stock hit an intraday high of Rs. 5.75 and intraday low of 5.23. The net turnover during the day was Rs. 1460987.

Source : Equity Bulls

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