The government may move to open tendering from the nomination-based system to boost competition, encourage MSME participation and indigenisation
China’s share in India’s DAP imports fell to 18.5% in FY25 from over 47% in FY19; zero shipments recorded in first five months of 2025
The Centre provides 28 grades of P&K (phosphatic and potassic) fertilisers to farmers at subsidised prices through fertiliser manufacturers/importers
Fertiliser firm to gain from cost efficiencies and improved capacity in FY24/25
One bottle (500 ml) of nano liquid DAP (Di-ammonium phosphate) is equivalent to one bag (50kg) of conventional granular DAP, which is currently being sold at Rs 1,350.
Ghulam Nabi Azad’s Democratic Azad Party flounders as former deputy CM Tara Chand, four-time minister Peerzada Mohammad Sayeed and former legislator Thakur Balwan Singh return to the Congress
He said holding of the elections was important to take J-K out of economic and political crisis.
Ghulam Nabi Azad announced the formation of three teams each for Jammu and Kashmir divisions to cover all the 20 districts.
PPL’s EV/EBITDA multiple of 5.6x is at a significant discount to its closest peer, Coromandel International, and closer to GSFC, which trails PPL in terms of return ratios by a margin.
A rapid rise in gas prices drove up production costs even as major producers curbed exports, crimping supplies and making farmers unhappy
Farmers from some of the biggest agricultural states including Rajasthan, Punjab, Haryana and Karnataka are facing a severe shortage, mainly of Di-ammonium Phosphate (DAP) fertilizers.
In Rajasthan, during April-September this year, the central government supplied only 3.07 lakh tonnes of DAP against the demand of 4.50 lakh tonnes in the state.
The government, which increased subsidies on DAP and some other non-urea fertilisers, is unlikely to hike subsidies on non-urea fertilisers, sources said.
Elara Capital expects healthy volume growth in FY22 on the back of the forecast of normal Monsoon and low fertilisers prices. The margin of fertilisers companies will sustain, in our view, as raw material cost escalation has been offset by higher subsidy.
The maximum retail price of non-urea fertilisers such as DAP cannot be raised, Union MoS Mansukh Mandaviya said, adding that the old rates would continue for the farmers.
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.
Earlier this month, the government had announced reduction in retail prices of non-urea fertilisers including DAP by up to Rs 5,000 following drop in global prices of raw materials.
"The PSUs have a very small market share to have an impact, but the government's involvement in the pricing decision has been considered negative by the market," said Prakash Goel, VP- Equity Research, ICICI Securities.
The company has decided to supply DAP to its customers from inventory in hand and imports.
In an interview with CNBC-TV18, SK Nanda, Chairman & Managing Director of Gujarat State Fertilizers & Chemicals said additional capacity and better fertilizer sale will help in revenue realisation next quarter.
Domestic fertilisers consumption is expected to remain under pressure as sluggish monsoon this year is likely to hit crop production. Further, increase in natural gas price is a new concern for the industry players, says Indira Securities.
According to RG Rajan, if the gas price doubles to USD 8.4/mmbtu, RCF‘s subsidy burden will go up by around Rs 1,400 crore per annum.
The Cabinet is likely to discuss tomorrow a proposal to fix the subsidy on non-urea phosphatic and potassic (P&K) fertilisers for the 2013-14 fiscal.
The fertiliser sector is one of the important sectors for the growth of agriculture in India.