Fertiliser Firms

Govt seeks approval for Rs 4.36 trillion additional spending in FY23

Fertiliser, food subsidies, payments to OMCs for LPG dominated supplementary demand

Centre tells fertiliser companies, states to promote Nano urea use

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

Govt plans pilots on new direct benefit transfer model for fertilisers

Currently, the version of DBT in fertilisers involves farmers purchasing their fertilisers through point of sale (PoS) devices after undergoing Aadhaar authentication

Rajasthan govt takes action to prevent black marketing of fertilisers

Agriculture Commi­ssioner Kana Ram said teams formed to check illegal activities at the level of agriculture commissionerate had been sent to districts.

Three fertilizer firms sign MoU with Canada's Canpotex to import potash

Coromandel International, Chambal Fertilizers and Indian Potash Ltd have signed a pact with Canada-based Canpotex for the import of 15 lakh tonnes of potash annually for three years, according to the Ministry of Chemicals and Fertilizers. Canpotex, Canada is amongst the largest suppliers of Potash globally, exporting around 130 lakh tonnes of product annually. Potash, which is a source of potassium, is used both for direct application as MOP (Muriate of Potash) as well as in combination with 'N' & 'P' nutrients in NPK fertilizers. India meets 100 per cent of its potash requirement through imports. The country imports approximately 40 lakh tonnes of MOP annually. The Memorandum of Understanding (MoU) was presented to Chemicals and Fertilizers Minister Mansukh Mandaviya on Wednesday, an official statement said. "In a significant step towards ensuring long-term fertilizer availability for the farming community, India's fertilizer companies - Coromandel International, Chambal ...

Divestment drive: Govt looks to privatise PSUs in fertiliser sector

According to the PSE policy, 2021, the government will look at leaving non-strategic sectors, such as fertiliser, steel and tourism, by privatising or closing PSUs

Will 'one nation one fertiliser' lead to uniformity or anonymity?

Under 'One Nation One Fertiliser' all fertiliser bags, irrespective of their contents or the company that manufactures them, will carry a uniform brand name called "Bharat"

After dung, Chhattisgarh's Congress govt to use cow urine as fertiliser

About two months ago, Chief Minister Baghel had envisaged using cow urine for strengthening the rural economy and organic farming

Fertiliser stocks ride high on subsidy hike: Here're the top gainers

Analysts say the hike in DAP subsidy will have a positive rub-off on fertiliser and agri-input companies

Spike in fertiliser sales boosts prospects for Coromandel International

While rabi season drives hopes of a strong Q3, analysts are hopeful of strong growth over the next two years

Govt move to clear fertiliser firms' subsidy arrears gets tepid response

Combined market capitalisation of 10 fertiliser companies up 10% in Nov, against 12% rise in Sensex

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

Budget 2020: Govt may cut import duty on raw material for fertiliser sector

During April-December 2019-20, the country's crude and manufactured fertiliser imports grew by 8.47 per cent to USD 6.2 billion.

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

Fertiliser firms Q1 profits to jump 44% on monsoon-led sales volume bump

Q1FY18 Result EstimatesCompany (Rs crore) Sales EBIDTA PAT Q1FY18 Change (%) Q1FY18 Change (%) Q1FY18 Change (%)Chambal Fertilisers 1778.5 (6.8) 187.8 (22.8) 133.4 (5.1)Coromandel International 1871.4 (7.1) 187.2 111.1 94.8 1109.7GSFC 1068.5 (1.3) 106.7 8.9 53.5 15.6Tata Chemicals 2940.6 (8.5) 552.5 (3.4) 294.5 48.8Total 7659.0 (6.8) 1034.2 3.2 576.3 43.7Source : ICICI Securities, Change over YOYProfitability of fertiliser companies is likely to jump by a staggering 44 per cent in the April - June quarter due to a sharp increase in sales volume driven by expectations of normal monsoon this season, the second year in a row.A ICICI Securities study attributes to the staggering estimated net profit growth to the non-fertiliser business and low comparison base in fertilizer segment of some companies. The government's efforts to help companies reduce subsidy and thereby increase in working capital has also revived operating and net profits.While Coromandel International is likely to gain ..