Page 3 - Fertiliser
Fertiliser shares rally up to 16% ahead of Cabinet meet
Madras Fertiliser, Rama Phosphates, RCF and FACT have surged more than 10% each.
 "Fertiliser shares rally up to 16% ahead of Cabinet meet")
Harvesting times for fertiliser firms
Fresh triggers after the note ban have helped fertiliser stocks not only gain lost ground but register good returns.Expectations of a decline in subsidy receivables in FY18 after the Union Budget, hopes of demand improvement following the UP elections, as well as talk of fast-tracking fertiliser reforms have helped these stocks gain in the past few months. With these gains, the one-year returns given by these stocks too have been phenomenal. Coromandel International, Chambal Fertilisers, GSFC, Tata Chemicals, Deepak Fertilisers, etc have gained 52-98 per cent in the past one year. There could be more gains ahead.This reversal in fortunes for fertiliser stocks in FY17 comes after three challenging years. The deficient monsoons, high raw material prices, elevated subsidy receivables, and policy stagnation had contributed to their underperformance earlier. While substantial improvement in the monsoon in 2016 provided the first trigger, falling prices of natural gas and those of MoP ...
 "Harvesting times for fertiliser firms")
Ramco bags contract from New Zealand's fertiliser company Ravensdown
By using Ramco Aviation Suite, Ravensdown Aerowork aims to improve operational efficiencies
 "Ramco bags contract from New Zealand's fertiliser company Ravensdown")
Fertiliser stocks rally on Rs 10,000-cr subsidy payout
The Fertiliser Ministry sought Rs 20,000 cr from the Finance Ministry to clear the pending dues
 "Fertiliser stocks rally on Rs 10,000-cr subsidy payout")
Fertiliser shares gain; Deepak Fertiliser, RCF, GSFC hit 52-week high
National Fertilisers, GSFC, Deepak Fertilisers, RCF and Mangalore Chemicals were up more than 20% each in past one-month.
 "Fertiliser shares gain; Deepak Fertiliser, RCF, GSFC hit 52-week high")
Fertiliser shares in focus; Chambal Fertilizer, Coromandel hit 52-week high
Nagarjuna Fertilisers, RCF, Aries Agro, FACT and Chambal Fertilisers were up 9% to 12% in two trading days
 "Fertiliser shares in focus; Chambal Fertilizer, Coromandel hit 52-week high")
Mosaic buys fertiliser business of Brazil's Vale for $2.5 billion
The deal will help Mosaic to become the leading fertiliser production and distribution company in Brazil, one of the world's preeminent agricultural markets
 "Mosaic buys fertiliser business of Brazil's Vale for $2.5 billion")
Fertiliser shares in focus; Chambal Fertilisers, Aries Agro hit 52-week high
RCF, Madras Fertilisers, FACT, Deepak Fertilisers,Chambal Fertilisers and National Fertilisers were up 3%-11% on BSE
 "Fertiliser shares in focus; Chambal Fertilisers, Aries Agro hit 52-week high")
P&K fertiliser subsidy stays unchanged for H2FY16
Pune metro rail gets Rs 11,000 cr; textile aid package details okayed
Essel Group in JV with Gensource to set up potash project in Canada
Through the JV, Gensource and Essel Group ME aim to create a new and independent supply of potash, a key component of fertilisers, to the global market
 "Essel Group in JV with Gensource to set up potash project in Canada")
Inventories likely to keep fertiliser sales down
Total fertiliser subsidy arrears are also not expected to be down much by the end of 2016-17, despite low gas and imported urea prices
Kribhco and Morocco's OCP to set up $230 mn fertiliser plant in AP
The greenfield plant, located at Krishnapatnam (Andhra Pradesh), will have an annual production capacity of 1.2 million tonne (MT) of NPK fertilisers
 "Kribhco and Morocco's OCP to set up $230 mn fertiliser plant in AP")
Fertiliser sector outlook to be stable in FY'17: ICRA
While urea sales fell by 13 per cent, non-urea sales de-grew by 22 per cent in the first four months of FY2017
 "Fertiliser sector outlook to be stable in FY'17: ICRA")
Fertiliser sales drop despite record rise in acreage
Urea sales down by 8.79% , DAP/MAP by 23.47 per cent against the year-ago period
 "Fertiliser sales drop despite record rise in acreage")
Centre to revive Talcher fertiliser plant based on coal gasification technology
Envisages investment of Rs 8,000 cr for the unit with production capacity of 1.3 million tonnes
 "Centre to revive Talcher fertiliser plant based on coal gasification technology")
PM Narendra Modi lays foundation stone for revival of Gorakhpur fertiliser unit
The revival of the plant, undertaken by a joint venture between Coal India Limited (CIL) and NTPC Limited, entails an investment of Rs 6,000 crore
 "PM Narendra Modi lays foundation stone for revival of Gorakhpur fertiliser unit")
Mosaic Company to idle potash mine in Canada
The move is intended to allow Mosaic to meet customer demand while adapting to challenging potash market conditions
Cabinet gives nod to revive 3 defunct fertiliser units
The setting up of new units at Sindri, Gorakhpur and Barauni will meet the growing demand of urea of Bihar, West Bengal and Jharkhand
 "Cabinet gives nod to revive 3 defunct fertiliser units")
NTPC, CIL, IOC to revive 3 fertiliser units
These include two closed urea units of Fertilizer Corporation India at Sindri (Jharkhand) and Gorakhpur (UP) and Barauni (Bihar) unit of Hindustan Fertilizers
 "NTPC, CIL, IOC to revive 3 fertiliser units")
Fertiliser price cut unlikely to impact private players
Markets seem to believe that the new price will be applicable to all fertiliser companies who are producing these products
 "Fertiliser price cut unlikely to impact private players")
