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A red letter day for the fertilizer industry
Nov 12:
Today is a blockbuster day for the Indian fertilizer industry.
8Two unprecedented events have taken place
8The government has announced a never-before extra allocation of a whopping Rs 65,000 crore in additional subsidy to the industry. This will wipe out the entire subsidy backlog of the industry in a never-before way.
8Then again, Indo Gulf Fertilisers is getting sold to the Indorama Group for a consideration of Rs 2469 crore
Click on Reports for more on these developments
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8Two unprecedented events have taken place
8The government has announced a never-before extra allocation of a whopping Rs 65,000 crore in additional subsidy to the industry. This will wipe out the entire subsidy backlog of the industry in a never-before way.
8Then again, Indo Gulf Fertilisers is getting sold to the Indorama Group for a consideration of Rs 2469 crore
Click on Reports for more on these developments
