GNFC rose 0.70% to Rs 100.20 after the company said that TDI-II plant at Dahej in Gujarat has resumed its normal production after completion of scheduled maintenance.
Earlier, the company had announced planned shutdown TDI (Toluene Di-Isocyanate)-II plant at Dahej for scheduled maintenance from 27 December 2019 to 15 January 2020.Gujarat Narmada Valley Fertilizers and Chemicals (GNFC)'s consolidated net profit dropped 32.5% to Rs 113.49 crore on a 4.8% rise in net sales to Rs 1,277.66 crore in Q3 December 2019 over Q3 December 2018.
GNFC is a joint sector enterprise promoted by the Government of Gujarat and the Gujarat State Fertilizers & Chemicals (GSFC). The company has extended its profile much beyond fertilizers through a process of horizontal integration. Chemicals/petrochemicals, energy sector, electronics/telecommunications and information technology form ambitious and challenging additions to its corporate portfolio.
Powered by Capital Market - Live News
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app