Porinju Veliyath buys chemicals and fertilizer co in bulk deal

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Pee Vee
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Porinju Veliyath buys chemicals and fertilizer co in bulk deal

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Porinju Veliyath's investment company called HONEY BRICKS PROPERTY MANAGEMENT PRIVATE LIMITED bought 5 lk shares of Khaitan Chemicals & Fertilizers.

This is the latest bulk deal of Porinju. He bought 500000 shares at Rs 15 on the NSE on 1st November 2017.

Khaitan Chemicals is mainly engaged in the manufacturing of Single Super Phosphate (Fertilizer), Sulphuric Acid (Chemical) and Soya Edible Oil. All the segments are related to agriculture and totally dependent on monsoon.

Khaitan Chemicals has India’s largest Single Super Phosphate (SSP) production capacity of 11,13,500 MT in the states of Madhya Pradesh, Rajasthan, Uttar Pradesh, Chhattisgarh & Gujarat alongwith Sulphuric Acid (SA) production capacity of 2,70,600 MT in the States of Madhya Pradesh, Uttar Pradesh & Chhattisgarh. Sulphuric Acid is also a raw
material for production of SSP.

The Company has produced 415452 MT (previous year 337329 MT) Single Super Phosphate and sold 385574 MT including export of 500 MT (previous year 404646 MT).

The Company is trying to diversify its portfolio and has initiated import of NPK fertilizers in a small way. The Company has imported 6417 MTNPK fertilizers and sold 2898MT during the year.
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