MUMBAI Fertiliser shares rallied on Friday after the government approved a new policy to encourage investment in urea manufacturing, in a move seen expediting $6.5 billion in projects that have been held back.
National Fertilizers (NAFT.NS) was up 5.3 percent at 9:21 a.m., Rashtriya Chemicals and Fertilizers (RSTC.NS) gained 5.2 percent, while Chambal Fertilisers and Chemicals (CHMB.NS) gained 2.9 percent.
(Reporting by Rafael Nam; Editing by Prateek Chatterjee)
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