Page 2 - Fertiliser Companies

RCF, NFL share sale by December, govt to get Rs 1,200 crore

The government is likely to sell shares in two fertiliser companies -- RCF and NFL -- by December-end to garner over Rs 1,200 crore, an official said. The offer for sale (OFS) would be for 10 per cent of government stake in Rashtriya Chemicals & Fertilizers Ltd (RCF) and 20 per cent in National Fertilizers Ltd (NFL). "The transactions could fetch around Rs 1,200 crore to Rs 1,500 crore", the official told PTI. The merchant bankers for the transaction have already been appointed. The official further said that considering the steps taken by the government for the fertiliser sector, the valuation of the shares could improve in the coming months. Shares of RCF closed at Rs 72.25, while that of NFL at Rs 53.95 on the BSE on Friday. The government currently holds 74.71 per cent stake in NFL and 75 per cent in RCF. The government has set an ambitious target of raising Rs 1.75 lakh crore from divestment in 2021-22, higher than Rs 38,000 crore it raised last fiscal. Most disinvestment

Keeping farmers in mind, Centre directs fertiliser firms not to hike prices

The Centre on Friday directed fertiliser companies not to increase the maximum retail price (MRP) of non-urea fertilisers such as DAP and asked them to sell at old rates

How DCT can help the fertiliser sector deal with main challenges

These challenges can be substantively tackled if the design of DCT is optimal

SPIC ties up with farmer network to open first Model Fertiliser Retail Shop

Besides selling quality fertilisers at genuine prices, MFRS will provide a range of consulting and agri-related services for enhanced farm productivity

Top firms exit fertiliser biz on delayed subsidy payouts, falling margins

Birla's sale of fertiliser arm comes within two years of Tata's exit from sector

Grasim Industries to sell fertiliser biz to Indorama Corp for Rs 2,649 cr

It's a slump sale and a major value-unlocking exercise for Grasim, allowing it to pursue growth opportunities in its core businesses

India to be self-reliant in fertilisers production by 2023: Gowda

Currently, the fertiliser production of the country is 42-45 million tonnes, and imports are at around 18 million tonnes, according to the official data

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

SPIC Ltd pre-tax profit up 73% to Rs 28 cr in Q4, income rises by 10%

Company says timely measures by govt helped in retaining momentum of production, distribution and sale of fertilisers

Coromandel International's Q4 PBT rises 91%, total income up 8.84%

The total income for the quarter rose 8.84 per cent to Rs 2880.82 crore from Rs 2646.96 crore in the year ago period.

Fertiliser body concerned as subsidy dues payable to cos cross Rs 33,000 cr

FAI Director General Satish Chander demanded that the government should clear subsidy arrears at the earliest as delay in payments is hurting liquidity of manufacturers

Tailwinds, hopes from Budget 2018 spark a fertiliser rally

Roll-out of direct benefit transfer and higher farm realisations should boost demand

Fertiliser direct benefit transfer could hurt companies' cash flow

Govt to stop subsidy payment unless companies instal PoS at retail outlets to identify beneficiaries

Fertiliser companies unlikely to pass on price cuts

Lower subsidies and higher input costs would impact profitability