HOUSTON, Oct. 3, 2023 /PRNewswire/ KBR (NYSE:KBR) announced today it has been awarded a multi-year service contract by Deepak Fertilisers and Petrochemicals Corporation Limited (DFPCL) for the development of their
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Russian companies have stopped offering discounted fertilisers to India due to tightening global supplies. Last year, Russia became the largest supplier to India, but now companies are offering fertilisers at market prices. This could increase India s import costs and subsidy burden as global prices rally. Russia s aggressive selling last year reduced the market share of other exporters. Global fertiliser prices have been surging, making it challenging for Indian companies to accumulate stocks for the upcoming winter season.
For the Nifty, the short term outlook looks positive, say analysts. The index is likely to face a hurdle at 19,500 on the higher side and then at 19,650. On the lower side, support is at 19,300-19,250