Fertilizers Production in India : Prime Minister Narendra Modi can present a roadmap to make India self-reliant in the field of fertilizers by 2025 from the ramparts of the Red Fort on August 15. In this, along with increasing production, there will be an emphasis on stopping black marketing. Along with this, the government will make efforts to make the country self-reliant in the production of fertilizers.
Production of 7 lakh metric tonnes of urea
Quoting the report, a target of 7 lakh metric tonnes of urea production can be set in this roadmap. To increase organic farming in the country, work will also be done in mission mode. In the next 2-3 years, India will not have to import fertilizers from abroad.
350 lakh tonnes of fertilizer needed
Till December, the requirement of fertilizers has been fulfilled in the country. States have 70 lakh tonnes of urea and DAP. India requires 325-350 lakh metric tonnes of urea annually.
These companies will benefit
Companies like Rashtriya Chemicals and Fertilizers (RCF), National Fertilizers Limited (NFL), Mangalam Chemical and Deepak Fertilizers will benefit from the government’s increase in domestic production of fertilizers. Today RCF shares closed at Rs 92.85, down 2.26 per cent on NSE. Today the upper level of this stock was Rs 99.60.
What is the stock market
At the same time, the stock of NFL closed at Rs 49.60, down by Rs 0.85 or 1.88 per cent on NSE. Today the day’s upper level of this stock was Rs 53.25. The stock of Mangalam Chemical closed at Rs 118.50, down by Rs 0.60, or 0.50 per cent, on the NSE. Closed at Rs. Shares of Deepak Fertilizers closed at Rs 892.50 with a gain of Rs 42.50 or 5.00 per cent on NSE.
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