i Develop Stocks Advisory

Four cos to benefit from fertiliser sop Finance Minister, P Chidambaram said the prices of complex fertiliers will drop significantly. "There is no change in the minimum support price of di-ammonium phosphates, or DAP, and mono-ammonium phosphates. The average price of complex fertilisers will decline by Rs 1,416 per tonne or Rs 70 per bag. There would be a shift to nutrient-based pricing for fertilisers in 2008-09 and a uniform freight subsidy regime from April 1. From now on, rail and road expenditure is to be paid at actuals. The freight subsidy would be implemented in two stages, which is to ensure easier availability of fertilisers."