PolicyMoneycontrol
Union Cabinet clears Rs 62,370 crore fertiliser subsidy
Positive+72
GreyOak summary
The Union Cabinet approved a Rs 62,370 crore subsidy for P&K fertilisers for the Rabi 2026-27 season. This decision caused fertiliser stocks like FACT, Coromandel, and GSFC to gain up to 9%. The subsidy aims to maintain affordable prices despite rising input costs due to global conflicts.
What it affects
- Fertilizers and Chemicals TravancoreFACTPositive +72
Shares gained 8.67% on subsidy approval.Rolling sentiment Positive +53
- Coromandel InternationalCOROMANDELPositive +60
Shares rose around 6% on subsidy news.Rolling sentiment Neutral +10
- Gujarat State Fertilizers & ChemicalsGSFCPositive +49
Shares advanced more than 3%.Rolling sentiment Positive +18
Source
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