CNBC-TV18 learns from sources privy to the matter that the company will now completely shift its focus on chemicals and consumer products business.
"HIL has signed an agreement with National Fertilisers Ltd (NFL) to sell and market its urea in states of Odisha and West Bengal, similarly an agreement has also been signed with Rashtriya Chemicals and Fertilisers (RCF) to sell and market its urea in Odisha and Assam," company's Director Marketing S P Mohanty told PTI.
The Department of Fertilisers has already certified Hindustan Insecticides Ltd (HIL) as importer of decontrolled phosphatic and potassic fertilisers.
Lancelot D'Cunha, CEO of Sharyans Wealth Management, in an interview with CNBC-TV18's Latha Venkatesh and Gautam Broker, gave his perspective on the midcap companies like Sadbhav Engineering and Coromandel International's fourth quarter performance and divulged his expectation from these companies going forward.