Mangalore Chem stock slumps 10% after Deepak Fert buys stake

Last Updated: Thursday, July 4, 2013, 12:16

Shares of Mangalore Chemicals and Fertilisers on Thursday slumped nearly 10 percent, after Deepak Fertilisers & Petrochemicals Corporation acquired 24.46 percent stake in the Vijay Mallya-promoted company through open market transactions for about Rs 180 crore.

Four bankers in fray for NFL stake sale

Last Updated: Tuesday, June 18, 2013, 21:32

Four merchant bankers, including SBI Capital and Kotak Investment, are in race to manage the process of 7.64 percent stake sale in National Fertilisers (NFL), which may fetch around Rs 148 crore to the exchequer.

Govt starts NFL stake sale process; to fetch Rs 172 crore

Last Updated: Wednesday, June 5, 2013, 14:27

The government plans to disinvest 7.64 percent stake, or over 3.74 crore shares, of NFL through Offer For Sale (OFS) route in the domestic market.

IMG clears 7.64% NFL disinvestment; to raise Rs 175 cr

Last Updated: Tuesday, May 28, 2013, 20:27

"The IMG has cleared the stake sale of National Fertilisers by way of offer for sale. The disinvestment department will soon seek Cabinet nod for the stake sale," official sources said.

US says Pakistan curbing explosive fertilisers

Last Updated: Monday, May 20, 2013, 22:41

Pak has taken a number of steps to prevent fertilisers made within its borders for agriculture from being used as explosives in roadside bombs that target American troops in Afghanistan, said a top US military officer.

Govt cuts subsidy on P&K fertilisers; to ensure MRP comes down

Last Updated: Wednesday, May 1, 2013, 16:15

The decision on the Fertiliser Ministry's proposal to fix Nutrient-Based Subsidy (NBS) rates for P&K fertilisers for 2013-14 fiscal was taken by the Cabinet.

Humans used fertilisers 5,000 years ago: Study

Last Updated: Sunday, April 28, 2013, 16:00

New excavations in Sweden indicate that fertilisers may not be a modern innovation but were already in use some 5,000 years ago during the Stone Age.

Gas allocation priority: Power Min seeks date for IMG meet

Last Updated: Wednesday, April 10, 2013, 13:56

Pitching for priority status to power projects on a par with fertilisers for gas allocation, Power Minister Jyotiraditya Scindia on Wednesday said he is seeking a date for the meeting of high level inter-ministerial panel in this regard.

ONGC inks MoU with KK Birla Group company for fertiliser unit

Last Updated: Tuesday, April 9, 2013, 20:42

The estimated cost of the project for producing 1.3 million tonne of fertiliser per annum is Rs 5,000 crore.

Cabinet likely to consider subsidy on P&K fertiliser Tuesday

Last Updated: Monday, April 1, 2013, 23:08

The Cabinet is likely to discuss Tuesday a proposal to fix the subsidy on non-urea phosphatic and potassic (P&K) fertilisers for the 2013-14 fiscal.

Govt raises Rs 310 crore through RCF stake sale

Last Updated: Friday, March 8, 2013, 16:05

The government on Friday raised Rs 310 crore from sale of 12.5 percent stake in Rashtriya Chemicals and Fertilisers Ltd (RCF) in an offer for sale that managed full subscription barely minutes before the markets closed.

SAIL divestment on Mar 20, Nalco share sale next week

Last Updated: Thursday, March 7, 2013, 18:08

The government's 12.15 percent stake sale in Nalco is likely next week and 10.82 percent disinvestment in SAIL may take place on March 20, sources said.