Navin Fluorine International Ltd approves capex

The Board of directors of Navin Fluorine International Ltd has approved capital expenditure of ₹236.50 Crores, for setting up an additional HFC capacity upto 15K MTPA R32 equivalent quantity at Surat unit of the Company.

The board also approved funding of ₹75 Crores for debottlenecking of Multi Purpose Plant facility at Dahej by the Company's Wholly Owned Subsidiary, Navin Fluorine Advanced Sciences Limited.

Shares of Navin Fluorine International Limited was last trading in BSE at Rs. 4976.00 as compared to the previous close of Rs. 4976.40. The total number of shares traded during the day was 2831 in over 750 trades.

The stock hit an intraday high of Rs. 5005.00 and intraday low of 4889.45. The net turnover during the day was Rs. 14012646.00.

Source : Equity Bulls

Keywords

NavinFluorineInternational INE048G01026 Capex