The announcement was made after market hours yesterday, 13 January 2015.

Meanwhile, the S&P BSE Sensex was down 7.16 points or 0.03% at 27,418.57

On BSE, so far 1.83 lakh shares were traded in the counter as against average daily volume of 1.16 lakh shares in the past one quarter.

The stock hit a high of Rs 39.20 and a low of Rs 37.20 so far during the day. The stock had hit a 52-week low of Rs 21.80 on 20 January 2014. The stock had hit a 52-week high of Rs 48 on 9 June 2014.

The stock had outperformed the market over the past one month till 13 January 2015, rising 2.51% compared with 0.27% rise in the Sensex. The scrip had also outperformed the market in past one quarter, rising 9.87% as against Sensex's 3.95% rise.

The small-cap company has equity capital of Rs 490.58 crore. Face value per share is Rs 10.

National Fertilizers (NFL) said that a joint venture (JV) agreement will be entered between the company, Engineers India (EIL) and Fertilizer Corporation of India (FCIL) for revival of Ramagundam Unit of FCIL, District Karimnagar, Telangana on 14 January 2015. Project cost is estimated at about Rs 5000 crore proposed to be financed with debt equity ratio of 70:30, with NFL's contribution of 26% of the equity. The project is targeted to complete in 2018, NFL said.

The project is part of the revival plan of FCIL units by government of India, NFL said. Under the revival plan, NFL and EIL have been nominated for revival of FCIL's Ramagundam unit by forming a joint venture company in line with the Cabinet Committee on Economic Affairs (CCEA) approval with major stakeholders alongwith FCIL, the company said.

For the project, NFL shall render its expertise for commissioning, operation & maintenance and marketing of urea while EIL shall be doing detailed engineering, procurement of machinery and construction supervision. The proposed complex shall be consisting of new ammonia and urea plant of 2200 MTPD & 3850 MTPD capacity respectively and associated offsite and utility facilities. Project will be based on natural gas as feed stock coming from proposed Mallavaram - Bhilwara pipe line and raw water will be fed from Sripada Yellampally Barrage already built on Godavari River.

National Fertilizers reported net profit of Rs 61.75 crore in Q2 September 2014, as against net loss of Rs 25.90 crore in Q2 September 2013. Net sales rose 15.5% to Rs 2322.45 crore in Q2 September 2014 over Q2 September 2013.

National Fertilizers is India's largest central public sector enterprise in fertilizers sector.