Page 2 - Fertiliser Companies
How DCT can help the fertiliser sector deal with main challenges
These challenges can be substantively tackled if the design of DCT is optimal
 "How DCT can help the fertiliser sector deal with main challenges")
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
 "SPIC ties up with farmer network to open first Model Fertiliser Retail Shop")
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
 "Top firms exit fertiliser biz on delayed subsidy payouts, falling margins")
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
 "India to be self-reliant in fertilisers production by 2023: Gowda")
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
 "Fertiliser firms to post healthy FY21 profits on robust Q1 off-takes: Icra")
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
 "SPIC Ltd pre-tax profit up 73% to Rs 28 cr in Q4, income rises by 10%")
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
 "Fertiliser body concerned as subsidy dues payable to cos cross Rs 33,000 cr")
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 direct benefit transfer could hurt companies' cash flow")
Fertiliser companies unlikely to pass on price cuts
Lower subsidies and higher input costs would impact profitability
 "Fertiliser companies unlikely to pass on price cuts")
