Alufluoride commences new expanded aluminium fluoride plant at Visakhapatnam
Alufluoride Limited has reportedly started the commercial production of Aluminium Fluoride plant at Visakhapatnam with effect from Saturday, May 1. The news came after the company informed the exchange regarding the commencement of its business operations.
Alufluoride confirmed that it would commence the commercial production of the new expanded Aluminium Fluoride plant at Visakhapatnam.
Alufluoride Limited is engaged in producing aluminium fluoride, making continuous efforts to conserve energy at various levels of operations.
At around 10:50 AM on May 3, Alufluoride traded at INR 248 per share, up by INR 3 or 1.22 per cent from its previous closing of INR 245 per share on Sensex.
A the end of December 2020, Alufluoride recorded net sales of INR 8.84 crore, down 60.72 per cent from INR 22.51 crore in December 2019. EBITDA stood negative at INR 0.43 crore in December 2020, down 108.7 per cent from INR 4.94 crore in December 2019.
LME aluminium price rose 0.53% to close at US$2,445/t; SHFE market is closed for Labour Day Holiday
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