Rashtriya Chemicals and Fertilisers (RCF) stock will be in the spotlight on October 10 following the company’s decision to award a Rs 1,000.27 crore contract to Larsen & Toubro (L&T). The contract involves the setup of a 1200 MTPD complex fertilizer plant at RCF’s ThaI facility on an LSTK (Lump Sum Turnkey) basis and is scheduled for completion in 27 months.
The board of RCF, in its meeting held on October 9, 2024, approved the placing of the purchase order with L&T. This could have some bearings on the near-term performance of the share price of RCF.
RCF shares reached their 52-week high of Rs 245.00 on 23rd July 2024 and 52-week low of Rs 117.65 on 26th October 2023. The stock is currently trading at 30.2 percent below its 52-week high and 45.35 percent above its 52-week low.
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Source: Moneycontrol
News Desk
