Fertiliser Companies

Govt allows fertiliser entities to file bill of entries for urea imports

Fertiliser marketing entities (FME), authorised by the government, have been allowed to file bill of entries at Indian ports for import of urea for agriculture purpose on government account, according to a notification of the commerce ministry issued on Tuesday. This new provision was added in the import policy condition of urea. A bill of entry is a legal document filed by importers or customs clearance agents on or before the arrival of imported goods. "FMEs, authorised by the department of fertilisers, have been allowed to file bill of entries at Indian ports for import of urea (for agriculture purpose) on government account," the directorate general of foreign trade (DGFT) said in notification.

India tweaks gas procurement norms for fertiliser firms to cut cost: Report

The govt has amended the 2015 gas procurement guidelines under which fertiliser plants had to procure 80% of their gas needs through long-term contracts and the balance through three-month tenders

Centre tells fertiliser companies, states to promote Nano urea use

At present, the capacity of Nano urea is 50 million bottles per year

Subsidy, price controls to delay stake sale of state-run fertiliser firms

The financial condition of state-run fertiliser companies is completely dependent on subsidies and prices, which are majorly dictated by the government in India

Fertiliser firms willing to import phosphoric acid at 40% less price

Fertiliser companies are looking to import phosphoric acid at USD 1,000-1,050 per tonne, which is around 40 per cent cheaper than the price quoted by global suppliers in the September quarter, as international prices have declined. Phosphoric acid is a key raw material for the manufacturing of DAP and other NPK fertilizers. According to sources, the price of phosphoric acid was USD 1,715 per tonne for the last quarter ended 2022. International prices of DAP (Di-ammonium phosphate) fell sharply during the last quarter and therefore the rates of phosphoric acid are also expected to fall, they added. The international prices of phosphoric acid are decided on quarterly basis. The key international suppliers are OCP Morocco, JPMC Jordan, Senegal etc. Sources said a company has purchased a cargo of phosphoric acid from Senegal at price of USD 1,200 per tonne, but the rate is still higher. Leading Indian fertiliser companies are looking to buy phosphoric acid at USD 1000-1050 for the ne

Unproductive fertiliser policy

New fertiliser branding plan must be reviewed

India's core sector output rises to six-month high of 8.4% in April

The eight sectors - coal, steel, cement, fertilisers, electricity, natural gas, refinery products, and crude oil - comprise two-fifths of India's total industrial production

Fertiliser companies raise DAP, NPK rates on spike in input costs

IFFCO hikes DAP prices by 12.5%; existing stock will continue to be sold at old rates

'No proposal for merger of sick fertiliser units with profit-making firms'

"There is no proposal for merger of sick fertiliser units with profit making fertiliser units at present," minister said

RCF, NFL share sale by December, govt to get Rs 1,200 crore

The government is likely to sell shares in two fertiliser companies -- RCF and NFL -- by December-end to garner over Rs 1,200 crore, an official said. The offer for sale (OFS) would be for 10 per cent of government stake in Rashtriya Chemicals & Fertilizers Ltd (RCF) and 20 per cent in National Fertilizers Ltd (NFL). "The transactions could fetch around Rs 1,200 crore to Rs 1,500 crore", the official told PTI. The merchant bankers for the transaction have already been appointed. The official further said that considering the steps taken by the government for the fertiliser sector, the valuation of the shares could improve in the coming months. Shares of RCF closed at Rs 72.25, while that of NFL at Rs 53.95 on the BSE on Friday. The government currently holds 74.71 per cent stake in NFL and 75 per cent in RCF. The government has set an ambitious target of raising Rs 1.75 lakh crore from divestment in 2021-22, higher than Rs 38,000 crore it raised last fiscal. Most disinvestment

Keeping farmers in mind, Centre directs fertiliser firms not to hike prices

The Centre on Friday directed fertiliser companies not to increase the maximum retail price (MRP) of non-urea fertilisers such as DAP and asked them to sell at old rates

How DCT can help the fertiliser sector deal with main challenges

These challenges can be substantively tackled if the design of DCT is optimal

SPIC ties up with farmer network to open first Model Fertiliser Retail Shop

Besides selling quality fertilisers at genuine prices, MFRS will provide a range of consulting and agri-related services for enhanced farm productivity

Top firms exit fertiliser biz on delayed subsidy payouts, falling margins

Birla's sale of fertiliser arm comes within two years of Tata's exit from sector

Grasim Industries to sell fertiliser biz to Indorama Corp for Rs 2,649 cr

It's a slump sale and a major value-unlocking exercise for Grasim, allowing it to pursue growth opportunities in its core businesses

India to be self-reliant in fertilisers production by 2023: Gowda

Currently, the fertiliser production of the country is 42-45 million tonnes, and imports are at around 18 million tonnes, according to the official data

Fertiliser firms to post healthy FY21 profits on robust Q1 off-takes: Icra

Icra stated that in the initial phase of the lockdown, dispatches were affected due to the shortage of labour and shutdown of a few fertiliser plants located in the integrated chemical complexes

SPIC Ltd pre-tax profit up 73% to Rs 28 cr in Q4, income rises by 10%

Company says timely measures by govt helped in retaining momentum of production, distribution and sale of fertilisers

Coromandel International's Q4 PBT rises 91%, total income up 8.84%

The total income for the quarter rose 8.84 per cent to Rs 2880.82 crore from Rs 2646.96 crore in the year ago period.

Fertiliser body concerned as subsidy dues payable to cos cross Rs 33,000 cr

FAI Director General Satish Chander demanded that the government should clear subsidy arrears at the earliest as delay in payments is hurting liquidity of manufacturers