NACL Industries Limited to foray into Specialty Chemicals, Advanced Intermediates, Specialty Nutrition and Bioproducts

The Board of Directors of NACL Industries Limited in its meeting held on July 27, 2023 approved the Company's plan to expand its business portfolio with entry into Specialty Materials and Intermediates (including Fluorinated compounds), Specialty Nutrition and Bioproducts, addressing Agriculture, Healthcare, Industrial and other sectors. The Company envisages an investment of about Rs.1000 crores over the next three years for the said businesses including expansion of its existing Manufacturing and R&D facilities for captive as well as Custom Development and Contract Manufacturing opportunities.

Shares of NACL Industries Limited was last trading in BSE at Rs. 88.72 as compared to the previous close of Rs. 87.70. The total number of shares traded during the day was 64107 in over 767 trades.

The stock hit an intraday high of Rs. 89.54 and intraday low of 85.15. The net turnover during the day was Rs. 5602108.00.

Source : Equity Bulls

Keywords

NACLIndustries INE295D01020 NewBusinessForay