India's Deepak Fertilisers rises after co floats investment plan for unit

Deepak Fertilisers and Petrochemicals

10/12/2021 08:08

** Shares of Deepak Fertilisers and Petrochemicals Corp
 DPFE.NS  rise as much as 6.1% to 389.05 rupees, their highest
since Nov 16
    ** The fertilizer manufacturer said after market close on
Thursday that its unit would invest 22 bln rupees ($290.24 mln)
in a technical ammonium nitrate plant in the state of Odisha in
eastern India  urn:newsml:reuters.com:*:nBSE5ZKp6C
    ** Stock registers its biggest intraday percentage gain
since Nov 30
    ** Stock's price more than doubled this year, as of last
close

    ($1 = 75.8000 Indian rupees)

 (Reporting by Soumyajit Saha in Bengaluru)
 ((Soumyajit.Saha@thomsonreuters.com;))