Six fertiliser stocks rose 0.51% to 4.23% at 14:34 IST on BSE on reports the Cabinet today, 13 May 2015, approved a new urea policy that aims to make the country self-sufficient in production in next 4 years & ensure timely supply of urea to farmers.
Rashtriya Chemicals & Fertilizers (up 4.23%), Chambal Fertilizers & Chemicals (up 2.63%), Zuari Agro Chemicals (up 0.9%), Gujarat Narmada Valley Fertilizers & Chemicals (up 0.51%), Gujarat State Fertilizers & Chemicals (up 1.61%) and Coromandel International (up 0.63%) edged higher.
Meanwhile, the S&P BSE Sensex was up 338.16 points or 1.26% at 27,215.64.
According to reports, the New Urea Policy 2015 has twin objectives viz. maximising urea production and promoting energy efficiency in urea units. The policy outlines measures for boosting urea production by making plants more energy efficient and pooling of gas supplied to urea facilities, among others, reports added.
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