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.

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, 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.

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

Nifty ends above 8,500 first time ever; Infosys leads

IT, banks and metal scrips among the top gainers for the day

Markets end at record closing highs; Nifty breaches 8,500

The Sensex hit a fresh record high of 28,541.96 and the Nifty hit an all-time high of 8,534.65 in intra-day trades

TV Today Network surges over 10% on huge volumes

At 1515 hours, a combined 3.88 million shares representing 6.51% of total equity of TV Today Network changed hands on NSE and BSE.

Market rally sees 50% stocks double since August 2013

About 422 shares of 820 companies from the BSE-500, Mid-cap and Small-cap indices have rallied more than 100%.

Gold premiums fall in absence of fresh import curbs

Higher supplies due to imports in Sept, Oct also hurt

Back to Top