Fertiliser shares surge on urea manufacturing push
Source :
Last Updated: Fri, Dec 14, 2012 10:06 hrs
Fertiliser shares rallied on Friday after the government approved a new policy to encourage investment in urea manufacturing, in a move seen expediting $6.5 billion in projects that have been held back.
National Fertilizers was up 5.3 percent at 9:21 a.m., Rashtriya Chemicals and Fertilizers gained 5.2 percent, while Chambal Fertilisers and Chemicals gained 2.9 percent.