Indo Gulf Fertilisers to shutdown urea plant for maintenance
The 35-day shutdown to start in March 2014
BS B2B Bureau B2B Connect | Mumbai

For the third quarter of 2013-14, Indo Gulf Fertilisers’ revenue was down by 29% to Rs 754 crore compared to Rs 1,065 crore during same period last year. The revenue from its trading business saw a sharp decline of 55% to Rs 142 crore in the quarter ending December 2013 from Rs 542 crore in Q3 2012-13. The company attributed this decline to discontinuance of trading in imported P&K fertilisers. However, Indo Gulf Fertilisers’ revenue from manufacturing operations grew by 17% to Rs 613 crore owing to rise in natural gas prices which is pass through.
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First Published: Feb 12 2014 | 5:06 PM IST