Union Minister for Chemicals and Fertilisers Ananth Kumar assured that the Modi government is working towards providing the best to farmers
GNFC, RCF, GSFC, Chambal Fertilisers, FACT, Madras Fertilizers and National Fertilizers were up over 5% each.
FAI accused foreign suppliers of forming cartel and keeping raw material prices artificially higher to dump the complex fertiliser
The decision, to waive off loan of Rs 1916.14 crores and interest of Rs 7163.35 crores, is expected to help in faster revival of Barauni urea unit
Tata Chemicals, RCF, GSFC, Chambal Fertilisers and Mangalore Chemicals were up 1%-3%.
The government's recent decision to cut subsidy rate of decontrolled fertilisers by 25-30% is not good news for these companies
Govt has reduced subsidy on P&K fertilisers to an estimated Rs 21,274 crore for the next fiscal
RCF, FACT, Madras Fertilisers, GSFC, GNFC, National Fertilisers, SPIC and Chambal Fertilisers were up 3%-9% on BSE.