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Nagarjuna Fertilizers & Chemicals Ltd. ( (IN:NAGAFERT) ) just unveiled an update.
Nagarjuna Fertilizers & Chemicals Ltd has clarified to stock exchanges that it is unaware of any plans or activities related to a reported ₹13,000-crore green ammonia project in Kakinada, stating that, after the sale of its assets, it has no knowledge of the current owners’ initiatives and that no undisclosed negotiations, regulatory proceedings, or price-sensitive information are pending. The company reiterated its earlier disclosure that secured creditor Assets Care and Reconstruction Enterprise Ltd has fully settled its outstanding debt through the sale of core and non-core assets totaling ₹1,885 crore and issued a No Due Certificate, releasing NFCL from all liabilities, guarantees, and security interests, leaving the company with no term loans or working capital debt outstanding.
More about Nagarjuna Fertilizers & Chemicals Ltd.
Nagarjuna Fertilizers & Chemicals Ltd is an Indian fertilizer and chemicals company historically engaged in manufacturing urea and related facilities, serving the agricultural sector with a focus on plant nutrition products. Following the sale of its core urea and MI facilities and other non-core assets, the company’s financial statements have been prepared on a “not a going concern” basis, reflecting a significant shift in its operational profile and ownership structure.
Average Trading Volume: 60,954
Technical Sentiment Signal: Sell
Current Market Cap: 2.94B INR
See more data about NAGAFERT stock on TipRanks’ Stock Analysis page.