You are here: Home » News-CM » Equities » Hot Pursuit
Business Standard

Zuari Agro Chemicals announces shutdown of NPK plants

Capital Market 

Zuari Agro Chemicals' NPK (nitrogen, phosphorus, and potassium) plants are closed due to planned outage for inspection of the atmospheric ammonia storage tank at the port, meant for storage of the imported ammonia as raw material for the plants.

On a consolidated basis, Zuari Agro Chemicals reported a net profit of Rs 10.57 crore in Q1 FY22 as compared to a net loss of Rs 94.51 crore in Q1 FY21. Net sales jumped 38.1% to Rs 812.22 crore in Q1 FY22 over Q1 FY21.

Shares of Zuari Agro Chemicals advanced 3.20% to close at Rs 119.40 on Friday, 22 October 2021. Zuari Agro Chemicals is engaged in the manufacture, sale and trading of fertilizers and seeds. The chemical firm is also an importer of fertilizers and farm nutrients. It produces fertilizers of various grades, along with seeds, pesticides, micro nutrients and specialty fertilizers.

Powered by Capital Market - Live News

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

Dear Reader,

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Sat, October 23 2021. 13:21 IST