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Fertiliser firms to post healthy FY21 profits on robust Q1 off-takes: Icra

Icra stated that in the initial phase of the lockdown, dispatches were affected due to the shortage of labour and shutdown of a few fertiliser plants located in the integrated chemical complexes

fertilisers, farming, farmers, farm ,agriculture
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Fertiliser production and dispatches remained largely unaffected owing to their classifications as essential commodities

Press Trust of India Mumbai
Fertiliser companies are expected to register healthy profitability in the current financial year due to the robust fertiliser off-take by the farmers in the first quarter coupled with strong growth visible across segments, according to a report.
The urea fertiliser sales volume witnessed an annual growth of 69 per cent, Di-Ammonium Phosphate (115 per cent), Complexes (120 per cent), Muriate of Potash (70 per cent) and Single Super Phosphate (43 per cent), Icra Ratings said in a report.
Icra in its report stated that in the initial phase of the lockdown, dispatches were affected due to the shortage of labour and shutdown

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First Published: Jul 28 2020 | 6:00 PM IST

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