Mumbai, June 10 -- Fertilisers and Chemicals Travancore (FACT) jumped 2.93%, National Fertilizers gained 2.42%, Zuari Agro Chemicals rose 2.07%, Shree Pushkar Chemicals advanced 1.22%, Gujarat State Fertilizers & Chemicals (GSFC) climbed 0.98%, while Rashtriya Chemicals and Fertilizers (RCF) added 0.83%.
According to media reports, the Department of Fertilisers has sought higher budgetary support as the conflict involving Iran pushes up global prices of fertilisers, natural gas and energy products. The government is reportedly considering a substantial increase in subsidy allocations to shield farmers from higher input costs.
India remains heavily dependent on imports of key fertilisers such as urea and di-ammonium phosphate (DAP), as wel...