We believe, in the need for better nutrient mix, demand CAGR for complex NPK products will surpass urea
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.
Rajen Shah, Angel Broking is bullish on fertilizer sector.
Government has enhanced deduction for CAPEX to 150% for fertilizer sector.
Emkay Global Financial Services has come out with its report on fertilizer sector. As per the research firm one can prefer Chambal Fertilisers and Chemicals, Deepak Fertilizers and Petrochemicals Coprn & United Phosphorous (UPL).
Tarun Surana research analyst (institutions) with Sunidhi Securities & Finance who tracks the fertilizer sector says, “the committee of secretaries (CoS) do not have power to make any final announcement on the policy. They are authorised to prepare a report on which GoM which take final call.”
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.