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

Titan Company dips post Q2 results

The stock dipped 5% to Rs 398 on BSE.

Sensex up 300 points; IT shares gain

The 30-share Sensex is up 297 points at 27,643 and the 50-share Nifty has gained 89 points at 8,257.

No immediate relief for DLF on MF redemptions

SAT to decide on redemption request on Nov 5; after realtor specifies purpose

Sebi moves SC in Sahara case

Seeks directions as the group has not given any update on sale of foreign assets

Metals down with US Federal Reserve ending QE

All base & precious metals decline, gold slips to 3-wk low

Back to Top