FACT Shares of Gujarat State Fertilizers & Chemicals Ltd and Gujarat Narmada Valley Fertilizers & Chemicals Ltd climbed 9% and 6%, respectively. Shares of Deepak Fertilisers, Chambal Fertilisers and Paradeep Phosphates rose 4.8%-5.5%.
Natural gas is the primary feedstock for producing nitrogen-based fertilizers in India, specifically urea, where it accounts for over 80% of the production cost.
Supply of Natural Gas has been disrupted across the world, including India, as Qatar Energy, one of the la...
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