The government, however, did not give any timeline by when the oxygen supply will be made available by these fertiliser plants. Minister of State for Fertilisers and Chemicals Mansukh Mandaviya in a meeting here discussed the possibility of augmenting oxygen production with both public and private fertiliser companies.
Fertiliser firms to supply 50 tonnes of medical oxygen
April 28, 2021
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IFFCO said it was setting an oxygen plant with 200 cubic metre per hour capacity, talking their total oxygen production capacity to 33,000 cubic metres per day To meet the acute shortage of medical oxygen in the country, fertiliser companies would be putting plants for producing 50 tonnes of oxygen in the coming days, a meeting chaired by Mansukh Mandaviya, Minister of State for Chemicals and Fertilisers, told, according to an official statement on Wednesday.
At the meeting, many fertiliser firms in public, private and cooperative sectors promised to reorient their existing capacity of oxygen production and augment the supply of medical grade oxygen to hospitals.
Gujarat Narmada Valley Fertilizers & Chemicals Ltd, Balaji Amines Ltd, Camlin Fine Sciences Ltd and ICRA Ltd are among the other gainers in the BSE s A group today, 27 April 2021.
Gujarat Narmada Valley Fertilizers & Chemicals Ltd, Balaji Amines Ltd, Camlin Fine Sciences Ltd and ICRA Ltd are among the other gainers in the BSE s A group today, 27 April 2021.
Alkyl Amines Chemicals Ltd surged 13.45% to Rs 7699.75 at 11:49 IST. The stock was the biggest gainer in the BSE s A group. On the BSE, 34823 shares were traded on the counter so far as against the average daily volumes of 6604 shares in the past one month.
Shares of fertilisers companies were in focus at the bourses on Thursday, with Deepak Fertilisers & Petrochemicals Corporation, Rashtriya Chemicals & Fertilizers (RCF) and National Fertilizers rallying between 10 per cent and 18 per cent on the BSE in intra-day trade on expectation of higher demand.
Zuari Agro Chemicals, Chambal Fertilisers & Chemicals, Coromandel International, Gujarat State Fertilizers & Chemicals (GSFC) and Gujarat Narmada Valley Fertilizers & Chemicals were up 3 per cent to 5 per cent on the BSE. In comparison, the S&P BSE Sensex was up 0.81 per cent at 50,065 points, at 10:00 am.
Among individual stocks, NFL surged 18 per cent to Rs 64.05 on the back of two-fold jump in trading volumes. Earlier this month, the company said it recorded highest-ever total fertiliser sale of 5.9 million MT in 2020-21, beating its previous best of 5.70 million MT achieved during 2019-20. This includes sale of company’s own Urea, imported Urea and other P&K fertilisers.
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