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Chambal Fertiliser Target 101
Chambal Fertilisers and Chemicals Limited is a fertiliser producer. It is the manufacturer of Urea in private sector in India
and is also into the trading of fertilisers and other agri inputs. The Company also manufactures Synthetic and Cotton Yarn.
It operates in four segments: Own Manufactured Fertilizers, Trading, Textile and Shipping.
During the quarter, the Empowered Group of Ministers (EGoM) approved partial decontrol of urea, bringing it under
Nutrient Based Subsidy (NBS) policy. The proposal however, is yet to be approved by CCEA. We believe decontrol of urea
would be beneficial for efficient players and lead to improvement in profitability as well as return ratios.
The board of directors of Chambal has granted approval for setting up Single Super Phosphate (SSP) Plant at Dahej,
District Bharuch, Gujarat, with an annual capacity of 5 Lac MT, at a project cost of approximately Rs. 1.22 bn. The
Company is also setting up a SSP Plant at its existing factory premises at Gadepan, Distt. Kota, Rajasthan with an annual
capacity of 2,00,000 MT at a project cost of approximately Rs. 325mn.
India Equity Research Reports, IPO and Stock News
Visit http://indiaer.blogspot.com/ for complete details �� ��
Chambal Fertiliser Target 101
Chambal Fertilisers and Chemicals Limited is a fertiliser producer. It is the manufacturer of Urea in private sector in India
and is also into the trading of fertilisers and other agri inputs. The Company also manufactures Synthetic and Cotton Yarn.
It operates in four segments: Own Manufactured Fertilizers, Trading, Textile and Shipping.
During the quarter, the Empowered Group of Ministers (EGoM) approved partial decontrol of urea, bringing it under
Nutrient Based Subsidy (NBS) policy. The proposal however, is yet to be approved by CCEA. We believe decontrol of urea
would be beneficial for efficient players and lead to improvement in profitability as well as return ratios.
The board of directors of Chambal has granted approval for setting up Single Super Phosphate (SSP) Plant at Dahej,
District Bharuch, Gujarat, with an annual capacity of 5 Lac MT, at a project cost of approximately Rs. 1.22 bn. The
Company is also setting up a SSP Plant at its existing factory premises at Gadepan, Distt. Kota, Rajasthan with an annual
capacity of 2,00,000 MT at a project cost of approximately Rs. 325mn.
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