Shares of fertilizers companies on reports that the government has approved fixing nutrient-based subsidy ( NBS) rates for fertilizers.
On the BSE, at 1.51 pm, Coromandel International up by 3.02%, National Fertilisers up by 2.61%, Rashtriya Chemicals and Fertilisers 2.34% and Fertilizers & Chemicals Travancore up by 2.16%
Recently an inter-ministerial committee ( IMC) had decided to reduce the subsidy on nitrogen (N), phosphate (P) and potassium (K) in the wake of the strengthening rupee and bearish global prices, the report suggests.
Subsidy is reimbursed to fertiliser firms for selling the indigenous or imported crop nutrients at lower price to farmers.
....more info
On the BSE, at 1.51 pm, Coromandel International up by 3.02%, National Fertilisers up by 2.61%, Rashtriya Chemicals and Fertilisers 2.34% and Fertilizers & Chemicals Travancore up by 2.16%
Recently an inter-ministerial committee ( IMC) had decided to reduce the subsidy on nitrogen (N), phosphate (P) and potassium (K) in the wake of the strengthening rupee and bearish global prices, the report suggests.
Subsidy is reimbursed to fertiliser firms for selling the indigenous or imported crop nutrients at lower price to farmers.
....more info