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Rashtriya Chemicals & Fertilizers Ltd. ( (IN:RCF) ) just unveiled an announcement.
Rashtriya Chemicals and Fertilizers Limited announced that the Bombay High Court has overturned a previous arbitral award in its favor regarding a dispute with Thermax Limited over damages related to the breakdown of two Gas Turbo Generators. The court has ordered RCF to refund the amount of Rs. 218.45 crore along with interest to Thermax Limited. This decision has a significant financial impact on RCF, and the company is considering its options to protect its interests.
More about Rashtriya Chemicals & Fertilizers Ltd.
Rashtriya Chemicals and Fertilizers Limited is a government-owned company in India engaged in the production of chemicals and fertilizers. It plays a significant role in the agricultural sector by supplying essential fertilizers and chemicals to enhance crop productivity.
Average Trading Volume: 78,600
Technical Sentiment Signal: Hold
Current Market Cap: 75.33B INR
Learn more about RCF stock on TipRanks’ Stock Analysis page.