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Book profits on rallies as Nifty is witnessing a ‘Bearish Butterfly’ on the charts

Jay Purohit, Technical & Derivatives Analyst at Centrum Broking Limited, says short-term traders are advised to book some profit at current levels.

Positive about National Fertilisers' OFS: Investment Imperative

National Fertilisers’ offer for sale (OFS) kicked off today. The government will be diluting 15 percent stake in the company. In an interview to CNBC-TV18, Ravi Kataria, MD, Investment Imperative discussed more about it.

Trombay unit will get some benefit from urea policy: RCF's Suresh Warior

In an interview to CNBC-TV18, Suresh Warior, Director-Finance at Rashtriya Chemicals and Fertilisers (RCF) detailed the impact of the new urea policy.

Govt to divest stake in NFL, RCF via OFS; roadshows soon: CMD

The roadshows for the stake sale of NFL and RCF to being in the third week of October, said Manoj Mishra, CMD, NFL.

Who said fertiliser cos have reduced prices, asks FAI

Recent news reports suggested that the government announced a cut in prices of fertilisers such as Diammonium Phosphate (DAP). Speaking to CNBC-TV18, Satish Chander of the Fertiliser Association of India said only government fertiliser companies have been told to cut prices. Pricing power is with private companies, he said.

DBT, gas price fall to reduce subsidy burden: NFL

Speaking to CNBC-TV18, Manoj Mishra, CMD of NFL said that production capacity beyond 100 percent will now also be viable due to lower gas prices.

NFL to invest Rs 185 cr to revive FCIL‘s Sindri unit

In an interview with CNBC-TV18, Manoj Mishra, CMD of NFL said that the company will have an equity participation of 11 percent which roughly translates to Rs 185 crore.

See avg gas price at $10-12/mmbtu post pooling: NFL

Neeru Abrol, Chairman & Managing Director, National Fertilizers believes pooling of gas will make business more attractive and the average price could be around USD 10-12 per mmbtu.

VAT exemption will give benefit of Rs 103 cr a year: FACT

Kerala cabinet has decided to waive off value added tax (VAT) on natural gas supplied to Fertilisers and Chemicals Travancore (FACT), raising the prospects of an immediate revival of the company,

Clarity on urea policy will attract more investment: NFL

On the possible divestment of NFL, Neeru Abrol said there has been no news from the government with reference to disinvestment during the fiscal. The government currently holds 89.71 percent in NFL.

Not in a hurry to sell 12MW solar power plant: Ujaas Energy

In an interview to CNBC-TV18, Anurag Mundra, joint MD & CFO of Ujaas Energy, said the company has set up the 12 MW capacity as part of its tax planning. It has also been earning revenues from the plant.

NFL eyes 30% equity participation to revive plants

The fertiliser company National Fertilizers Limited (NFL) plans for an FPO which could be coming up anytime soon. Satish Chandra, CMD of NFL, in an interview with Udayan Mukherjee, said that the company plans to raise Rs 100 crore through the IPO which will be an equity contribution.

EIL needs no debt or equity in FY12

Ashok Kumar Purwaha chairman of Engineers India Ltd (EIL) says the company doesn’t require any borrowings in FY12. “We are a zero debt company today and are sitting on a cash of about Rs 2,000 crore. We don't need to go in for any borrowings.”

Don't see urea policy going to budget: National Fertilizer

The chairman and managing director of National fertilizers, VK Sharma, in an exclusive interview on CNBC-TV18 spoke about the budget expectations from the fertilizer space.