Thursday, 5 June 2014

Deepak Fertilizer Update by Epic Research

Epic Update Deepak Fertilisers

Deepak Fertilizer to state-owned National Fertilizer (NFL) for manufacturing urea. In the month of May, Petroleum ministry acting on a request from the Department of Fertilizers (DoF) had stopped supply of 0.75 million standard cubic meters per day of domestic gas being supplied to Deepak Fertilisers on allegations that the private firm was using the cheaper fuel to manufacture market price crop nutrients and not subsidized urea. It asked to stop domestic gas to Deepak Fertilisers, as it manufactures nitrogen phosphorus and potassium (NPK) fertilisers, which have been decontrolled and falls Nutrient Based Subsidy (NBS) scheme.



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