The eight fertiliser companies that may be put on the block are Brahmaputra Valley Fertilizer Corp Ltd, Fertilizers and Chemicals Travancore, FCI Aravali Gypsum and Mineral Ltd, Madras Fertilizers Ltd, National Fertilizers Ltd, Rashtriya Chemicals & Fertilizers, Fertilizer Corp, the Mint report said.
For full year FY15, working capital requirement stands higher at 1700 crore, says RG Rajan, CMD, RCF.
Shares on fertilizer companies rose anywhere between 1% and 3% as the group of ministers (GoM) cleared the new urea investment policy. CNBC-TV18's Ekta Batra reports.
Tarun Surana, Research Analyst (Institutions), Sunidhi Securities & Finance Limited suggests that though the depreciation of the rupee is increasing the costs of production for fertilizer companies, it is still sensible to buy GSFC and Zuhani.
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