India's Chemfab Alkalis hits record high on getting nod to enhance capacity

Chemfab Alkalis

22/02/2024 07:24

** Shares of Chemfab Alkalis  CHMF.NS  rise as much as 18.2%
to hit record high of 498.30 rupees 
    ** Chemicals maker said it got consent to establish (CTE)
for its OPVC pipes division in Sri City, in southern state of
Andhra Pradesh 
    ** Gets approval to expand production capacity from 20
tonnes per day (TPD) to 65 TPD
    ** Stock up ~16% YTD after gaining for three straight years
    

 (Reporting by Kashish Tandon in Bengaluru)
 ((kashish.tandon@thomsonreuters.com))