Fertilizer stocks are in demand

by khalid on 31/03/2009 · 0 comments

Fertilizer companies were in the limelight after (RIL) Reliance Industries signed deals with fertiliser firms to sell about 15 million standard cubic metres a day of gas from its giant field from the middle of next month.

Fertiliser firms will pay Reliance a marketing margin of 13.5 cents per mmbtu for the gas. The margin is in addition to the government-approved price of $4.2 per mmBtu for the gas.

The firtiliser firms include in this deal are Chambal Fertilisers, Indian Farmers Fertiliser Cooperative, Krishak Bharati Co-operative, Gujarat Narmada Valley Fertilizers, Gujarat State Fertilizers and Chemicals, Nagarjuna Fertilizers, Tata Chemicals, and Rashtriya Chemicals and Fertilizers.

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