Introduction:
Tragic incident occurred at a chemical plant in Dahej, Gujarat, on December 28, 2024, resulting in the loss of four lives. The plant quickly isolated the incident, provided emergency treatment, and is investigating the cause while supporting affected families.
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Share price movement of GFL:
On December 30, 2024, Gujarat Fluorochemicals Ltd. opened at ₹4,320.00, down 1.73% from its previous close of ₹4,396.40. The stock reached a high of ₹4,320.00 and a low of ₹4,182.10. By 12:40 PM, it traded at ₹4,217.50, reflecting a 4.07% decrease, with a market cap of ₹46,329.24 crore.
Gujarat Fluorochemicals Ltd. Reports Tragic Incident:
Gujarat Fluorochemicals Ltd. (GFL) reported a tragic incident at its CMS-1 plant in Dahej, Gujarat, on December 28, 2024. Four individuals, including one employee and three contractual workers, lost their lives due to complications after a safety incident at the plant.
The company immediately isolated the incident and provided emergency treatment to the affected individuals. Despite efforts to save them, the victims succumbed to their injuries. GFL expressed deep condolences and committed to offering financial and emotional support to the victims’ families, including insurance and employment benefits.
GFL assured stakeholders that all assets are adequately insured and a thorough investigation is underway to determine the incident’s cause. The company emphasized its commitment to implementing corrective measures to prevent future occurrences.
Recent news on GFL:
September 12, 2024, Gujarat Fluorochemicals announced that its wholly-owned subsidiary, GFCL EV Products Limited, has incorporated a new subsidiary, GFCL EV Products GmbH, in Hamburg, Germany, expanding its presence in the global electric vehicle market.
Ace investor holding in GFL:
Akash Bhanshali
Akash Bhanshali holds a 4.75% stake in Gujarat Fluorochemicals Ltd., owning 5,219,505 shares valued at ₹2,203.6 crore. His investment reflects significant confidence in the company’s long-term growth and market potential.
Stock performance of GFL for Period of 1 week, 6 months and 1 year:
Gujarat Fluorochemicals Ltd. has shown strong performance, with a 0.95% return over the past week, 36.4% over the last six months, and 18.9% over the past year, indicating steady growth and investor confidence in the company’s future.
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Shareholding pattern of GFL:
| All values in % | Sep 2024 | Jun 2024 | Mar 2024 |
| Promoter | 62.60% | 62.60% | 63.80% |
| FII | 4.90% | 5.20% | 4.50% |
| DII | 9.60% | 9.60% | 9% |
| Public | 23.00% | 22.60% | 22.90% |
About GFL:
Gujarat Fluorochemicals Limited (NSE: FLUOROCHEM), formerly Inox Fluorochemicals, is a leading producer of fluoropolymers, chemicals, and refrigerants in India. Part of the INOX Group, it is among the top global players with exports across Europe, the Americas, and Asia.
Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.
