It's been a good year for the Indian fertilizer industry
Gujarat Narmada Valley and Fertilzers is rising in share price after posting strong Q3 results, where the company told the BSE that net profit has surged 241.29% to Rs 227.88 crore YoY on a 29.95% increase in total income to Rs 1624.43 crore for the December quarter. Overall, this has been a strong year for the fertilizer industry as can be seen on the industry sector table. Share prices have soared across the board on a yearly basis. This has been helped by domestic policy in favor of the fertilizer industry. The Make in India initiative has been focusing on increasing fertilizer production in the country. It has a target of eliminating urea imports by 2021, and the import trajectory is on the right track for the government, with imports of these products falling. The government also cleared outstanding fertilizer subsidies, and the Delhi government along with PSUs has invested over Rs 50,000 crore to revive fertilizer plants, and setting up gas pipelines to speed up transportation and improve self-sufficiency across regions in urea.22-01-2018
