In the March quarter, Rashtriya Chemicals and Fertilizers reported net profit at ₹186.72 crore, as compared to ₹72.46 crore a year ago, up 157 per cent Y-o-Y
India is the world's second-largest fertiliser consumer after China and depends heavily on imports of both raw materials and finished products
The government has approved a ₹41,534 crore subsidy for Phosphatic and Potassic (P&K) fertilisers for the upcoming 2025-26 kharif season.
Shares of fertiliser companies jumped up to 5 per cent on Wednesday after US President Donald Trump agreed to a temporary two-week ceasefire with Iran
US-Iran war impact: West Asian nations are key suppliers of major fertilisers as well as raw materials for fertiliser manufacturing like sulphur, ammonia etc.
According to Kotak Institutional Securities, prolonged unrest in West Asia could not only push up input costs for Indian chemical companies but also have an impact on export revenues