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.

SI Reporter  |  Mumbai 

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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, RCF, 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.

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.

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

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, RCF, 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.

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