Announced Fri, 24 Apr · 17:19 IST
FACT gets govt nod to manufacture DAP, claim NBS subsidy
FACT · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
+1.6%1-day move
₹889.90
prior close
₹900.00
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+0.6+0.4+0.5+0.6+1.6+2.1+1.2+1.7+1.6+2.9-2.7+3.6-2.1-7.9
Up moveDown movePending
AI summary
FACT has received approval from the Department of Fertilizers, Government of India, to manufacture DAP (Di-Ammonium Phosphate) in its existing facility at Udyogmandal, Kochi. The company can now claim subsidy under the NBS (Nutrient Based Subsidy) Scheme, subject to obtaining necessary approvals and compliance with required conditions.
Likely market impact
Positive: opens a new subsidy-backed DAP revenue stream, expanding FACT's fertilizer portfolio beyond current production.