GSFC clarifies, says all plants operating perfectly

NEW DELHI: State-owned Gujarat State Fertilisers and Chemicals ( GSFC) today cleared the air that all its plants are operating perfectly and information of their shutdown in social media is false and baseless.

Its ammonia plant is "running perfectly and producing 11,000 tonnes per day", the company said in a BSE filing.

Melamine and caprolactum units are operating at full capacity and even other major plants of urea, sulphuric acid and others are functioning more that their capacity, it added.

"Investors are advised to be cautious and beware of such unscrupulous elements circulating fake messages mischievously," the company said further.

Investors should not get swayed by "false and baseless information" circulated solely with the intention to damage the reputation of the genuinely performing company, it added.

The stock of GSFC, which is into development of crop nutrition solutions, fell by 0.69 per cent to Rs 128.55 on the BSE at 1330 hours today.