Gujarat Fluorochemicals Ltd receives Rs. 623 crores from Inox Wind Ltd

Gujarat Fluorochemicals Ltd. ('GFL'), a leading advanced materials company globally, has received Rs. 623 Crores from Inox Wind Ltd. ('IWL') today against advances that GFL had given to IWL for setting up the wind power capacity. The advances have been paid adjusting for the wind power capacity that Inox Wind will be commissioning for GFL. This money will be used to substantially reduce the debt at GFL as has been the stated vision of the Inox GFL Group to reduce the debt of all its operating entities.

Shares of Gujarat Fluorochemicals Limited was last trading in BSE at Rs. 3252.55 as compared to the previous close of Rs. 3248.75. The total number of shares traded during the day was 7678 in over 1325 trades.

The stock hit an intraday high of Rs. 3289.00 and intraday low of 3215.00. The net turnover during the day was Rs. 25058483.00.

Source : Equity Bulls

Keywords

GujaratFluorochemicals INE09N301011 Advances InoxWind Repayment