The Competition Commission of India has ordered a probe against state-run Rashtriya Chemicals and Fertilizers for allegedly compelling dealers and farmers to buy other products along with urea in Maharashtra. Acting on a complaint filed by an individual, the fair trade watchdog said the conduct of RCF appeared to contravene provisions of the Competition Act, including those relating to abuse of dominant position and anti-competitive agreements, according an order. The Competition Commission of India (CCI) has directed its investigation arm, the Director General, to probe the matter and submit a report within 60 days. It was clarified by CCI that the observations were preliminary and would not prejudice the outcome of the investigation. The complainant (individual) alleged that RCF, a 'Navratna' PSU and a leading fertiliser maker, was compelling dealers and farmers to buy non-subsidised products such as water-soluble fertilisers along with urea. The CCI noted that urea's maximum ret
Agri sector outlook: With a growing consumer base, the agri-inputs sector stands poised to benefit from a shift toward more efficient, sustainable practices.
Fertilizers and Chemicals Travancore, National Fertilizers, Rashtriya Chemicals and Fertilizers and Deepak Fertilisers & Petrochemicals Corporation rallied between 8 per cent and 18 per cent
Technical outlook on Deepak Fertilisers, RCF, GSFC, Coromandel International and Chambal Fertiliser shares. Check key support, resistance and target levels here.
Rashtriya Chemicals and Fertilizers Ltd has been accused of using coercive tactics such as 'product tying' or 'tagging' to force farmers to purchase higher-than-necessary quantities of fertilisers
The catalyst for this rally in fertiliser shares was the anticipated increase in the price of Di-Ammonia Phosphate (DAP), the second most widely used fertiliser in India after urea
The rise in RCF share price came on the back of healthy results in the September quarter of financial year 2025 (Q2FY25)
The RCF share price surged after the company announced that it has awarded an order of a little over Rs 1,000 crore to L&T Energy Hydrocarbon division of L&T.
ONGC, Oil India, GNFC, Tata Chemicals and Sun Pharma are among the 9 stocks that could rally up to 20%, suggests technical charts. Check key support and resistance levels for these stocks here.
In the pre-Budget consultations with the finance minister, the agri sector had sought rationalisation of fertiliser subsidies and hike in investment for agricultural research.
Ind-Ra opines the credit profile of fertiliser players will remain comfortable in FY25, driven by the GoI's continued policy-level support to the industry by way of the healthy subsidy budget.
The Rail Coach Factory (RCF) in Kapurthala in Punjab is aiming to roll out the first prototype of Vande Metro coach for intercity travel ?by April this year, its general manager S Srinivas has said. A total of 16 such coaches are expected to be ready by the later part of 2024-25 financial year, he said. Vande Metro, which is designed on the concept of India's first indigenous semi-high-speed train Vande Bharat, will cater to intercity passengers covering up to a distance of 250 km. A Vande Metro train will have 16 air-conditioned coaches and can run at a maximum speed of 130 km per hour. "This train is meant for intercity traffic," Srinivas told PTI, adding, "We are aiming that the first prototype is ready by April." Following trials, the RCF will start its production. Vande Metro trains will enhance passenger experience and accessibility, he said, adding each coach will have the capacity to carry 280 passengers -- 100 seating capacity and 180 standing capacity. The 3x3 bench-ty
NEW DELHI (Reuters) - State-run firms, Coal India, GAIL India, and Rashtriya Chemicals & Fertilizers (RCF), will invest 30.95 billion rupees ($371.90 million) in their fertiliser joint venture in Odisha, two government officials told Reuters.
The government claims the use of nano urea and DAP can be game-changers, but many private fertiliser manufacturers remain in wait-and-watch mode
Among individual stocks, the technical & derivative analyst from HDFC Securities recommends Buy on RCF and Triveni Engineering.
Shares of Coromandel International, Deepak Fertilisers, GSFC, Madras Fertilisers, National Fertilisers, RCF, and Zuari Agro Chemicals have soared up to 196 per cent so far this calendar year (CY22)
The proceeds of the sale of these two companies in future will flow directly to the lenders of the Reliance Capital which is currently undergoing a bankruptcy process
The commissioning of new plants is expected to bring down import dependency to less than half the current levels
The commissioning of new plants is expected to bring down import dependency to less than half of current levels
This is owing to rising domestic production, nano supplies