NFL, RCF, FACT: Shares of fertiliser firms rally up to 13% ahead of Budget

Quick Summary:

In the pre-Budget consultations with the finance minister, the agri sector had sought rationalisation of fertiliser subsidies and hike in investment for agricultural research.

The counter has seen trades of around 12.40 lakh so far on the BSE as against the 2-week average volume of around 16.13 lakh shares.

He advocated for a substantial increase in the Indian Council of Agricultural Research (ICAR) budget to Rs 20,000 crore from Rs 9,500 crore.

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Article Details

Category: BusinessFinance

Markets: India

Topics: FACT Fertiliser sector Chambal fertiliser National fertilisers Madras fertlisers Budget 2024 RCF Budget expectations GSFC Indian monsoon Kharif season

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News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-22 @ 12:15:22 (5 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 454 words

Reading Time: 3 minutes read

Sentences: 19 lines

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Copyright Owner: © Business Standard

News ID: 21722100

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