Live Webinar on "How to Invest successfully to reach goals without losing sleep" Sign up for Live Webinar
Did you know?
How did MoneyWorks4me help subscribers to buy Persistent Systems at Rs. 700/ share in Jan 2020?

Deepak Fertilisers resume production of ANP fertilizer at Taloja facility

23 Jun 2015

Deepak Fertilisers & Petrochemicals Corporation has resumed production of ANP fertilizer at Taloja facility with imported RLNG as feedstock. The supply of domestic natural gas had been discontinued since May 15, 2014 as per the order of Ministry of Petroleum and Natural Gas (MoPNG), which the Company has challenged before the Delhi High Court. An Inter-Ministerial Committee, formed for this purpose, by the Department of Fertilisers, Government of India, is also reviewing the issue. Outcomes from both are awaited.

The company had recently received many requests for resumption of production of its flagship fertilizer 24:24:0 from various farmers, fanner cooperatives/ associations, MPs and MLAs, as well as a directive from the Department of Agriculture, Government of Maharashtra to meet the demand of the product during the ongoing Khariff season. Some of these requests are from farmer-suicidal/riot sensitive zones in Maharashtra.

The company has further stated that the resumption of production is based on expensive RLNG as the feedstock and the company's decision is clearly not driven by commercial considerations. This action arising from the concern for farmers is without prejudice to the company's legitimate rights for restoration of domestic natural gas.

Deepak Fertilisers and Petrochemicals Corporation is one of the leading manufacturers of industrials chemicals and fertilizers in India. The company operates in three business segments – Chemicals, Fertilizers and Realty.

Related Deepak Fertilisers And Petrochemicals Corporation Ltd. Links:

Deepak Fert & Petro Share Price

409.05 -10.10 (-2.41%) Oct 22, 18:01
1 Year Price Chart
Peers
Company Name CMP
Coromandel Interntl. 825.00
Chambal Fert & Chem 331.00
National Fertilizers 57.00
RCF 80.25
GSFC 126.85
View more..
Sensex vs Deepak Fert & Petro
Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323

Callback