FACT, Paradeep Phosphates, RCF, other fertiliser stocks rally up to 13%. Here's why
Shares of fertiliser companies rallied up to 13% on Tuesday after Russian President Vladimir Putin assured India of uninterrupted fertiliser supplies amid the West Asia crisis. Fertilisers and Chemicals Travancore (FACT), Rashtriya Chemicals and Fertilisers (RCF), Paradeep Phosphates and Chambal Fertilisers & Chemicals gained as investors assessed the potential boost from assured supplies.
Fertiliser stocks in India experienced a significant surge, with shares of FACT, RCF, Paradeep Phosphates, and Chambal Fertilisers & Chemicals rising up to 13%, amidst assurances of uninterrupted fertilizer supplies from Russia. Russian President Vladimir Putin assured India of uninterrupted fertiliser and energy supplies, reflecting the strong cooperative relations between the two countries.
The meeting between External Affairs Minister S Jaishankar and President Putin at the SCO summit further highlighted the deepening ties between the nations. The price hike of fertilizers and liquefied natural gas has led the government to spend over 56% of the fertiliser subsidy in just five months of the financial year 2026-27.
This spike in expenditure highlights the significant impact of the Middle East conflict on global input costs. Despite this, fertilizer manufacturers argue that the subsidy revision falls short of keeping pace with the escalating global input costs.
Written by urgent.news from The Economic Times - Top News's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
