Jay Purohit, Technical & Derivatives Analyst at Centrum Broking Limited, says short-term traders are advised to book some profit at current levels.
In an interview to CNBC-TV18, Manoj Mishra, CMD, NFL spoke about the results and his outlook for the company.
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.
In an interview to CNBC-TV18, Suresh Warior, Director-Finance at Rashtriya Chemicals and Fertilisers (RCF) detailed the impact of the new urea policy.
NFL plans to increase di-ammonium phosphate (DAP) production capacity by 1 million tonnes from current 2 lakh tonnes in the next couple of years, says CMD Manoj Mishra of NFL.
The roadshows for the stake sale of NFL and RCF to being in the third week of October, said Manoj Mishra, CMD, NFL.
The company is on course to achieve previous year's record production of 38 lakh tonne and Manoj Mishra, CMD of NFL expects to better that number this year.
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.
Speaking to CNBC-TV18, Manoj Mishra, CMD of NFL said that the gas pooling policy has led to a level-playing field and the decline in financial costs have led to higher profitability in this quarter.
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.
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.
Manoj Mishra, CMD, NFL in an interview to CNBC-TV18 said lower profits were mainly due to distortion in deferred tax; however he expects to clock a profit before tax of around Rs 150 crore in FY16.
In an interview with CNBC-TV18, PK Kaul, Director, NFL discussed the company's fourth quarter earnings.
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.
National Fertilizers‘ third quarter net profit jumped 104 percent at Rs 47 crore against Rs 23 crore, Y-o-Y. The urea business EBIT rose 101 percent to Rs 175.5 crore versus Rs 87 crore.
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,
Discussing company results, Neeru Abrol, CMD, National Fertilisers, said the conversion of three units to gas-based plants helped in improving earnings and expects plants like Nangal, Panipat to see 100 percent utilisation in H2.
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.
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.
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.
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.”
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.
In an interview with CNBC-TV18, VK Sharma, CMD, National fertilizer gave his perspective on the quarter gone by and the road ahead.