Mumbai, April 9 -- The decision is aimed at ensuring affordable supply of key nutrients to farmers.
Following the announcement, fertiliser stocks saw buying interest across the board. Fertilisers and Chemicals Travancore jumped 4.90%, Rashtriya Chemicals and Fertilizers rose 3.19%, National Fertilizers gained 2.76%, Gujarat Narmada Valley Fertilizers & Chemicals rose 2.23%, Zuari Agro Chemicals advanced 1.20%, Gujarat State Fertilizers and Chemicals climbed 1.18%, Deepak Fertilisers & Petrochemicals Corporation rose 0.53%, and Shree Pushkar Chemicals surged 0.49%.
The Cabinet, chaired by Narendra Modi, approved subsidy rates for phosphatic and potassic fertilisers. The rates will be applicable from 1 April 2026 to 30 September 2026.
The ...