Page 5 - Fertiliser

Mosaic buys fertiliser business of Brazil's Vale for $2.5 billion

The deal will help Mosaic to become the leading fertiliser production and distribution company in Brazil, one of the world's preeminent agricultural markets

Fertiliser shares in focus; Chambal Fertilisers, Aries Agro hit 52-week high

RCF, Madras Fertilisers, FACT, Deepak Fertilisers,Chambal Fertilisers and National Fertilisers were up 3%-11% on BSE

P&K fertiliser subsidy stays unchanged for H2FY16

Pune metro rail gets Rs 11,000 cr; textile aid package details okayed

Essel Group in JV with Gensource to set up potash project in Canada

Through the JV, Gensource and Essel Group ME aim to create a new and independent supply of potash, a key component of fertilisers, to the global market

Inventories likely to keep fertiliser sales down

Total fertiliser subsidy arrears are also not expected to be down much by the end of 2016-17, despite low gas and imported urea prices

Kribhco and Morocco's OCP to set up $230 mn fertiliser plant in AP

The greenfield plant, located at Krishnapatnam (Andhra Pradesh), will have an annual production capacity of 1.2 million tonne (MT) of NPK fertilisers

Fertiliser sector outlook to be stable in FY'17: ICRA

While urea sales fell by 13 per cent, non-urea sales de-grew by 22 per cent in the first four months of FY2017

Fertiliser sales drop despite record rise in acreage

Urea sales down by 8.79% , DAP/MAP by 23.47 per cent against the year-ago period

Centre to revive Talcher fertiliser plant based on coal gasification technology

Envisages investment of Rs 8,000 cr for the unit with production capacity of 1.3 million tonnes

PM Narendra Modi lays foundation stone for revival of Gorakhpur fertiliser unit

The revival of the plant, undertaken by a joint venture between Coal India Limited (CIL) and NTPC Limited, entails an investment of Rs 6,000 crore

Mosaic Company to idle potash mine in Canada

The move is intended to allow Mosaic to meet customer demand while adapting to challenging potash market conditions

Cabinet gives nod to revive 3 defunct fertiliser units

The setting up of new units at Sindri, Gorakhpur and Barauni will meet the growing demand of urea of Bihar, West Bengal and Jharkhand

NTPC, CIL, IOC to revive 3 fertiliser units

These include two closed urea units of Fertilizer Corporation India at Sindri (Jharkhand) and Gorakhpur (UP) and Barauni (Bihar) unit of Hindustan Fertilizers

Fertiliser price cut unlikely to impact private players

Markets seem to believe that the new price will be applicable to all fertiliser companies who are producing these products

Govt cuts prices of key fertilisers by up to Rs 4000 a tonne

Union Minister for Chemicals and Fertilisers Ananth Kumar assured that the Modi government is working towards providing the best to farmers

Fertiliser shares hit 52-week highs; GNFC zooms 30% in two days

GNFC, RCF, GSFC, Chambal Fertilisers, FACT, Madras Fertilizers and National Fertilizers were up over 5% each.

Fertiliser industry calls for import duty cut on raw materials

FAI accused foreign suppliers of forming cartel and keeping raw material prices artificially higher to dump the complex fertiliser

Cabinet approves financial restructuring of Hindustan Fertilizers

The decision, to waive off loan of Rs 1916.14 crores and interest of Rs 7163.35 crores, is expected to help in faster revival of Barauni urea unit

GNFC, National Fertilizers, Deepak Fertilisers hit 52-week high in weak market

Tata Chemicals, RCF, GSFC, Chambal Fertilisers and Mangalore Chemicals were up 1%-3%.

Fertiliser firms: Subsidy cut could offset cost gain

The government's recent decision to cut subsidy rate of decontrolled fertilisers by 25-30% is not good news for these companies