The list mostly contains PSUs which were up for sale in the last fiscal itself but volatile market conditions delayed the plan. Besides, the Cabinet approvals are also in place for some of these PSUs.
CA Rudramurthy BV of Vachana Investments advises exiting Rashtriya Chemicals.
TCS | HDFC | Nalco | Larsen and Toubro | Container Corporation | Ashoka Buildcon | RCF | National Fertilisers | GAIL | Jain Irrigation | Ujaas Energy | Indosolar | Dalmia Bharat | Karveri Seed | Jaiprakash Associates | IFCI and Idea Cellular are stocks, which are in the news today.
In an interview with CNBC-TV18, RG Rajan, CMD of RCF said that the direct benefit transfer for fertilisers announced in the Budget is a 'welcome step'.
"Rashtriya Chemicals' board of directors, on February 25, has accorded in-principle approval to take a minimum of 11 percent equity stake in the revival of Sindri unit in Jharkhand," the state-owned fertiliser company says in its filing.
Besides Rashtriya Chemicals and Fertiliers (RCF), the National Fertilisers Ltd (NFL) has also announced to acquire 11 percent stake in the proposed joint venture firm for the same amount.
SBI | ICICI Bank | PNB | Tata Steel | United Spirits | Kridhan Infra | RCF | Unitech | Wipro | Chambal Fertilisers | BASF | Chembond Chemicals | GVK Power | GMR Infrastructure | Orient Beverages | Reliance Capital are stocks, which are in the news today.
The company will commission a 50 mw gas-based co-generation plant at RCF's facility in Thal, Maharashtra for captive power, it said in a filing to BSE.
Shares of state-run Rashtriya Chemicals and Fertilisers (RCF) surged 7.5 percent intraday Monday ahead of likely clearance for its urea plant in Maharashtra.
Here are a few top buzzing midcap stocks picked by CNBC-TV18's analysts in trade today. We have â€“ Strides Shasun, Divis Laboratories, ITC, ITDC, Bosch India, Siti Cable, Rashtriya Chemicals & Fertilizers (RCF), Rushil Decor, Reliance Communications, Sun Pharmaceutical & Lupin.
Maruti Suzuki | Max India | Lupin | Aditya Birla Nuvo | DLF | Godrej Properties | RCF | Divis Labs | Quick Heal | Strides Shasun | ONGC | JK Tyre | IDBI Bank | Godrej Consumer Products | Electrosteel Steels | Heritage Foods | KDDL | Idea Cellular | Hitech Plast and Everonn Education are stocks, which are in the news today.
As per the proposal, an ammonia-urea plant will be set up at Thal in Maharashtra with a capacity of 1.27 million tonnes per annum at the company's current manufacturing location.
In December 2014, the two parties had signed an agreement to buy 30 percent stake in ACRON's potash mine project. Potash is a decontrolled fertiliser and government pays fixed subsidy on it.
Hemen Kapadia of KRChoksey Securities advises selling Rashtriya Chemicals and Fertilisers on bounce.
Simi Bhaumik of simibhaumik.com is of the view that one may hold Rashtriya Chemicals and Fertilizers.
Sameet Chavan of Angel Broking recommends entering Voltas with a target of Rs 330-335 and book partial profits in Rashtriya Chemicals and Fertilisers.
Energy conservation, optimisation of all resources to help improve performance going forward, says RG Rajan, CMD of Rashtriya Chemicals and Fertilisers.
Net sales increased to Rs 2,556.48 crore in the July- September quarter of 2015-16, from Rs 2,204.77 crore in the year-ago period.
The domestic gas price cut will make CNG 44-45% more competitive than diesel, compared with 39% currently, while PNG would become 1-2% more competitive than subsidised LPG, compared with a negative 8% currently
Lower gas prices will lower input costs for fertilizer companies apart from bring down the prices of piped natural gas.
Fertiliser companies sell their products at subsidised prices and are later reimbursed by the government. Lower gas prices will free up cash for fertiliser companies, which otherwise was blocked till the time the government reimbursed the subsidy.
RCF along with Coal India, GAIL (India) and Fertilizer Corporation of India (FCIL) is contemplating to set up a fertilizer complex at Talcher comprising 2200 MTPD ammonia plant, 3850 MTPD urea plant through coal gasification route.
Sudarshan Sukhani of s2analytics.com recommends exiting Rashtriya Chemicals and Fertilisers and advises buying Infosys, TCS and Reliance Industries.
State-run RCF is planning to invest Rs 363 crore for reducing consumption of energy at its two urea-ammonia units in Thal in Maharashtra.
Dr Reddy's Labs | Sun Pharma | Kernex Microsystems | GMR Infrastructure | IOC | HCL Technologies | MCX | TCS | Rashtriya Chemicals | Ashiana Housing | Jay Bharat Maruti | Den Networks and Yes Bank are stocks, which are in the news today.