Rama Phosphates Ltd takes manufacturing unit on lease - EquityBulls.com

2021-12-27 21:27:08 By : Mr. Power Liu

Rama Phosphates Ltd has taken on lease a Manufacturing unit for a period of seven years with effect from December 09, 2021 from M/s. Arihant Phosphates & Fertilizer Ltd. The Plant is located at Nimbahera in the district of Chittorgarh, Rajasthan which is bordering the State of Madhya Pradesh and has a Manufacturing Capacity of 66,000 metric tonnes per annum (MTPA) of Single Super Phosphate (Powder & Granulated) which would enhance our total aggregate existing manufacturing capacity to 6.98 lacs metric tonnes per annum (MTPA). It is an operational plant and this leasing would help to start the production on immediate basis which would cater to the pressing demand of our products. This strategy of taking the manufacturing plant on lease would help in improving the overall turnover and profitability of the Company. Shares of RAMA PHOSPHATES LTD. was last trading in BSE at Rs. 329.30 as compared to the previous close of Rs. 330.85. The total number of shares traded during the day was 19621 in over 355 trades. The stock hit an intraday high of Rs. 331.90 and intraday low of 322.05. The net turnover during the day was Rs. 6445854.00.