Rama Phosphates Ltd updates on new projects to manufacture LABSA and Sulphuric Acid

Rama Phosphates Limited has provided updates on setting up of new manufacturing facility for manufacture of Linear Alkyl Benzene Sulphonic Acid (LABSA) at Udaipur Unit and new Sulphuric Acid manufacturing facility at Indore Unit.

The company has set up new manufacturing unit at its existing factory premises at Udaipur for manufacture of Linear Alkyl Benzene Sulphonic Acid (LABSA) having installed capacity of 18000 TPA and also a new Sulphuric Acid @ 170 TPD capacity at Indore unit.

As a part of forward integration, LABSA would be produced from Sulphuric Acid which is the basic raw material of soaps, detergents, surfactants and disinfection products etc. and this LABSA product is in great demand in the present situation. Simultaneously, this would catalyst as part of backward integration as the by-product of LABSA would be consumed in the manufacture of our core product, Single Super Phosphate (SSP). This will also help us in saving the production cost of our basic core SSP product.

The trial production of Sulphuric Acid from our Indore facility has been successful and commercial production shall begin soon.

These two products, viz., LABSA and Sulphuric Acid will substantially contribute to the turnover of the Company.

Shares of RAMA PHOSPHATES LTD. was last trading in BSE at Rs.86.5 as compared to the previous close of Rs. 86.45. The total number of shares traded during the day was 11502 in over 140 trades.

The stock hit an intraday high of Rs. 88 and intraday low of 84.5. The net turnover during the day was Rs. 992855.

Source : Equity Bulls

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