Stock Report

The Dharamsi Morarji Chemical Company Limited lists on NSE



Posted On : 2021-12-01 20:28:26( TIMEZONE : IST )

The Dharamsi Morarji Chemical Company Limited (DMCC) lists on the National Stock Exchange of India Limited (NSE: DHARAMSI), the Company has been listed on BSE Limited (BSE: 506405) since 1st of March, 1959.

On this momentous occasion, Mr. Bimal Lalitsingh Goculdas, Managing Director and CEO, addressed the stakeholders of the Company and the attendees of the event, the same has been enclosed below.

"Good Morning Ladies and Gentlemen. I warmly welcome each one of you today at this august gathering for celebrating the listing of equity shares of The Dharamsi Morarji Chemical Company Limited i.e. DMCC at the National Stock Exchange.

The Dharamsi Morarji Chemical Company Limited (DMCC), established in the year 1919, was the first producer of Sulphuric Acid and Phosphate fertilizers in India. We are amongst the few fortunate, who can take pride in being a part of a 102 year old legacy, which encompasses an era from the British rule to self-reliant India today i.e. Aatma Nirbhar Bharat.

We have 100+ years of expertise in Sulphur chemistry and today we are a leading manufacturer of specialty and bulk chemicals with a global footprint. We are a net forex earning company, and are among the top global producers for our range of specialty products.

Let me inform you that DMCC is amongst the few companies in India authorized to use the Responsible care® logo. We are also audited under the 'Together for Sustainability' system, which includes our impact on the communities in which we operate.

It's our mission to continue making world-class products that exceed client expectations, while ensuring our operations are sustainable for the environment and society. Our Roha site is already a zero liquid discharge unit. With the help of improved waste heat recovery and renewable energy, we hope to be carbon negative by March 2023. The Dahej site will also follow in these footsteps shortly.

DMCC had listed its equity shares at the BSE in the year 1959 and they are actively traded in the market. Today it's indeed my pleasure to witness listing of shares at NSE. I thank the Management of NSE for giving us an opportunity for listing of shares at one of the largest exchanges, a premier market place and a favoured trading platform.

Before closing, I would like to mention that, we are emerging stronger and more sustainable and I have full faith in our expertise, team work and dedication. We look forward to a bright and prosperous future.

I express my gratitude to the stakeholders of DMCC including the Chairman & Board of Directors, Shareholders, Bankers, Customers, suppliers, service providers, and of course my entire team of colleagues, for their continued trust, encouragement, understanding and support.

Shares of DHARAMSI MORARJI CHEMICAL CO.LTD. was last trading in BSE at Rs. 305.55 as compared to the previous close of Rs. 307.10. The total number of shares traded during the day was 13928 in over 1039 trades.

The stock hit an intraday high of Rs. 312.15 and intraday low of 302.00. The net turnover during the day was Rs. 4276643.00.

Source : Equity Bulls

Keywords

DHARAMSIMORARJICHEMICALCOLTD INE505A01010 SpecialtyChemicals NSEListing