Fertiliser shares gain ahead of CCEA meet on urea policy

RCF, National Fertilsers, Deepak Fertilisers, Chambal Fertiliers and GSFC are up 1-4% on the Bombay Stock Exchange.

Shares of fertilizer companies are in limelight in noon deals on reports that the Cabinet Committee on Economic Affairs (CCEA) is likely to meet today to approve a new urea investment policy.

“The fertiliser ministry expects the new urea investment policy would attract a fresh investment of about Rs 35,000 crore to increase domestic production by 8 million tones,” PTI report suggests.

Among the individual stocks,Rashtriya Chemicals and Fertilisers and National Fertilsers are up nearly 4% each at Rs 56.80 and Rs 80 respectively, while Deepak Fertilisers, Chambal Fertiliers and GSFC are up 1-2% on the BSE.