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)
Trending On Reuters
Anil Ambani's Reliance Group has never made a military helicopter, missile system or submarine in its history but that isn't stopping the Indian tycoon from seeking to win contracts to manufacture all of that military hardware and more. Full Article