The Economic Times
12h ago
RCF shares rise nearly 3% after board clears Rs 1,500 crore FPO plan
Rashtriya Chemicals & Fertilizers’ board approved a plan on July 7, 2026 to raise up to Rs 1,500 crore through a further public offering via a fresh issue of shares. The proposal still requires approvals from shareholders, the Department of Fertilizers, the Government of India and DIPAM. Following the announcement, RCF shares rose nearly 3% to Rs 134.68. In its latest quarter, the company reported 49.5% year-on-year revenue growth and a 157.7% jump in net profit.