Mangalore Chemicals gains post restarting plant operations

Mangalore Chemicals & Fertilizers has started the operations of Ammonia, Urea and ABC plants after the maintenance activities undertaken annually. The shares were trading in green.

Previously, the company had completed the reassessed capacity of Urea production for the financial year 2018-19 and conducted annual maintenance of its plants, due to which the company had to shut down its Ammonia, Urea and ABC plants from February 13, 2019.

Mangalore Chemicals & Fertilizers is a Fertilizers Manufacturing company situated in the state of Karnataka, India. The company with its wide range of products that include Urea, Di-Ammonium Phosphate, Muriate of Potash, Granulated Fertilizers, Micronutrients, Soil Conditioners and Specialty Fertilizers, touches and enriches the lives of farmers across Southern India.

On Monday, the shares of Mangalore Chemicals & Fertilizers opened at Rs. 43 against Friday’s close of Rs. 42.75. At 15:00 hours, the shares were trading at Rs. 43.35, up by 1.40 per cent. It reached an intraday high of Rs. 43.45 and an intraday low of Rs 42.55 per share on the BSE. The 52-week high stood at Rs. 67.75 and 52-week low was at Rs. 27.85 per share on the BSE.