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GSFC rallies on heavy volumes

A combined 5.86 million shares representing 1.6% of total equity of the company have changed hands on the counter so far on the NSE and BSE.

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Gujarat State and Chemicals (GSFC) has rallied 8.5% to Rs 72.40 on the NSE in late noon deals on back of heavy volumes.

As many as a combined 5.86 million shares representing 1.6% of total equity of the company have changed hands on the counter so far against an average around 300,000 shares that were traded daily in past two weeks. The stock opened at Rs 67.50 and hit a low of Rs 67 so far on the NSE.

today announced that it has received two orders worth Rs 277 crore from GSFC.

“The order worth Rs 240 crore is for supply of 'D' Train DAP/NPK Plant having capacity of 1,650 MTPD. The project is coming up in GSFC's existing complex in Sikka near Jamnagar,” Hindustan Dorr-Oliver said in a statement.

The order amounting of Rs 37 crore is for water soluble fertiliser plant having capacity of 60 MTPD, it added.

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