GSFC is top gainer on BSE

GSFC is currently the top gainer on the BSE, up 7% at Rs.110.45, with an intra day high at Rs.113.70.  Volumes are robust, up 4.5 times.

The stock is in the limelight today after the company announced that it plans to expand its capacity this year, investing Rs.1200 crore. It plans to expand its Nylon-6 capacity with additional production of 15,000 MTPA with additional investment of Rs. 125 crore. Its 60,000 MTPA plant of Water Soluble Fertilizers with an estimated investment of Rs 44 crore is ready for commissioning any time soon.

It is also setting up a venture for Nylon-6 Fully Drawn Yarn (FDY) with capacity of 2,600 MTPA with an investment of Rs. 40 crore while considering the increasing demand of Melamine, GSFC will come up with a melamine plant of 40,000 MTPA at a cost of Rs. 1,000 crore in addition to its existing capacity of 15,000 MTPA.