Fertiliser stocks in action as govt directs MRP printing on P&K bags

The govt has directed fertiliser companies to print the MRP and available subsidy on each bag of P&K fertilizers

Shares of fertiliser companies are trading mixed after the Ministry of Chemicals & Fertilizers on Tuesday made it mandatory for fertilizer companies to print the MRP and available subsidy on each bag of P&K fertilizers.

Further, the Ministry of Chemicals & Fertilizers also made it mandatory for fertiliser companies to submit alongwith their subsidy claims, the cost data of their fertilizer products from 2012-13 onwards in prescribed format on six monthly basis, according to a press release on Tuesday.

Among fertiliser companies, RCF was down 1%, FACT eased 1.9%, GNFC was down 2.2% and Mangalore Chemicals dropped 3%. However, Madras Fertilisers gained 2.8%, Khaitan Chemicals & Fertilisers was up 0.6% and Coromandel International was up 0.8%.