National Fertilizers Soars 12% On Achieving Highest Ever Urea Production


At 10:24 am, the shares of National Fertilizers were trading at Rs 40.55, up 6.85 per cent, on BSE

National Fertilizers share prices soared more than 2 per cent in a subdued market in early trade after the company achieved its highest ever production of urea in the third quarter ended December 2020. The shares of National Fertilizers touched an intra-day high of Rs 42.70, up 12.7 per cent on the BSE in opening trading. At 10:24 am, the shares of National Fertilizers were trading off their intra-day highs at Rs 40.55, up 6.85 per cent, on the BSE.

The company achieved ever highest production of 9.99 lakh MT urea in the third quarter of FY 2020-21, surpassing previous records, National Fertilizers said in a regulatory filing to the stock exchanges, and added that the company successfully maintained its operations during constraints posed by COVID-19.

The plants at Nangal and Panipat achieved their ever best urea production during October-December, 2020. The Nangal plant increased production levels at the plant and also achieved lowest quarterly energy of 6.602 GCallMT urea against the previous best of 6.615 GCallMT urea, the company added.

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The BSE Sensex was at 48007.62, lower by 173.40 points and the NSE Nifty was at 14073.05, down 59.30 points or 0.42 per cent at the time.

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