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Fertiliser stocks were in focus at the bourses on Thursday, rallying up to 9 per cent on the BSE in intra-day trade, after the Centre increased its share of subsidy for di-ammonia phosphate (DAP) by 140 per cent from Rs 500 to Rs 1,200 per bag. The hike in DAP fertiliser subsidy is due to rising prices of phosphoric acid, ammonia, etc, internationally. This would translate into reduction of market price of DAP from Rs 2,400 per bag to Rs 1,200 per bag. The cost to the government would be around Rs 14,775 crore. In the last few months, all major fertiliser companies, including the biggest player Iffco, had hiked DAP rates along with prices of other complex fertilisers. This followed a 60 to 70 per cent rise in international prices of phosphoric acid and ammonia, which are key components for DAP.

India generalDeepak fertilisers petrochemicals corporationCoromandel internationalChambal fertilisersRashtriya chemicalsDeepak fertilisersPetrochemicals corporationGujarat narmada valley fertilizersGujarat state fertilizersDi ammonia phosphate dapChambal fertilisers amp chemicalsRashtriya chemicals amp fertilizers rcfEepak fertilisers amp petrochemicals corporationCoromandel internationalGnfc share priceGsfc share price