Alufluoride zooms on starting commercial production of aluminium fluoride plant

Alufluoride is currently trading at Rs. 254.05, up by 9.05 points or 3.69% from its previous closing of Rs. 245.00 on the BSE.

The scrip opened at Rs. 246.00 and has touched a high and low of Rs. 257.00 and Rs. 245.30 respectively. So far 18997 shares were traded on the counter.

The BSE group 'X' stock of face value Rs. 10 has touched a 52 week high of Rs. 445.00 on 11-Jan-2021 and a 52 week low of Rs. 74.00 on 26-May-2020.

Last one week high and low of the scrip stood at Rs. 259.90 and Rs. 221.25 respectively. The current market cap of the company is Rs. 200.95 crore.

The promoters holding in the company stood at 59.85%, while Institutions and Non-Institutions held 1.28% and 38.87% respectively.

Alufluoride is all set to start commercial production of new expanded aluminium fluoride plant at Visakhapatnam in the state Andhra Pradesh. The said production will commenced from May 1, 2021.

Alufluoride is engaged in producing Aluminium Fluoride. The company makes continuous efforts to conserve energy at various levels of operations, to save power, fuel oil and cost.