Business Standard

Fertiliser shares rally as Cabinet clears urea policy

FACT, National Fertilisers, RCF, Chambal Fertilisers, GSFC and Deepak Fertiliser are trading higher by 2-18% on the BSE.

Read more on:    Rcf | Urea | Fertilisers
Related News

Shares of fertiliser companies have rallied up to 18% in opening deals after the Cabinet Committee on Economic Affairs (CCEA), on Thursday, approved a investment policy, which is likely to incentives fertiliser companies to set up new plants and expand existing capacity.

and Chemicals Travancore (FACT) has rallied 18% to Rs 32.60 on the BSE. National Fertilisers, , Chambal Fertilisers, GSFC and Deepak Fertiliser are trading higher by 2 - 5%.

Under the new policy, the government will give 12-20% post-tax return on fresh capital infused by the manufacturers for setting up of new plants as well as for expansion and revamp of the existing ones.

Read more on:   
|
|

Read More

Two entities fail to make prima facie case to revoke ban: Sebi

The Securities and Exchange Board of India (Sebi) today said the restraining order on two entities, related to plunge in some mid-cap stocks in July, ...

Quick Links

 

Market News

NSEL payments: HC orders creation of three-member monitoring panel

The three-member panel will negotiate with borrowers, FTIL and EOW on liquidation of borrowers' assets

Plea against MF body as self-regulator admitted

The Securities Appellate Tribunal (SAT) has admitted an appeal against a decision on approval given for setting up a regulatory organisation for ...

El Niño worries inflation managers

RBI has decided to consider inflation based on new series CPI in which half of the weight is for food, beverages and tobacco

Coffee at 26-month high as Brazil drought raises price volatility

Coffee futures jumped as much as 8.3 per cent, driving volatility to the highest since 2000

JSW Steel mulls using Goan ore for Dolvi plant

The company plans to participate in e-auctions at Goa as and when the ore with 58% Fe is auctioned

Back to Top