Mangalore Chemicals & Fertilizers (up 6.56%), Fertilizers & Chemicals Travancore (up 3.63%), Deepak Fertilisers & Petrochemicals (up 2.24%), Rashtriya Chemicals & Fertilizers (up 1.89%), National Fertilizers (up 1.21%), Tata Chemicals (up 1.22%) and Zuari Agro Chemicals (up 0.87%) advanced.

Addressing the press conference in New Delhi today, Finance Minister Nirmala Sitharaman said Rs 65,000 crore is being provided to ensure adequate availability of fertilisers to farmers and to enable timely accessibility of fertilisers in the upcoming crop season.

She said an additional outlay of Rs 10,000 crore will be provided for PM Garib Kalyan Rozgar Yojana in the current financial year. This, she said, will accelerate growth of the rural economy.

Sitharaman further said Rs 3,000 crore will be released to EXIM Bank for promotion of 'Project Exports' through lines of credits.

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Net profit of Deepak Fertilizers & Petrochemicals Corp rose 218.08% to Rs 79.33 crore in the quarter ended September 2020 as against Rs 24.94 crore during the previous quarter ended September 2019. Sales rose 22.02% to Rs 1404.19 crore in the quarter ended September 2020 as against Rs 1150.74 crore during the previous quarter ended September 2019.

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Deepak Fertilizers & Petrochemicals Corp announced that Renu Challu (DIN 00157204), Independent Director of the Company has tendered her resignation as the Director of the Company with effect from 31 October, 2020, on account of personal reasons.

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Deepak Fertilizers & Petrochem. Corp. will hold a meeting of the Board of Directors of the Company on 3 November 2020.

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