Shares of fertiliser firms, including Fertilisers and Chemicals Travancore (FACT), Coromandel International and Gujarat State Fertilisers and Chemicals (GSFC), gained up to 9 percent on Wednesday after the Union Cabinet approved a Rs 62,370 crore subsidy for phosphatic and potassic (P&K) fertilisers for the Rabi 2026-27 season.
FACT was the top gainer among fertiliser stocks, with its shares settling at Rs 813.25 per share on the NSE, up 8.67 percent. Coromandel International shares rose around 6 percent, while Rashtriya Chemicals and Fertilisers (RCF) closed nearly 6 percent higher.
Deepak Fertilisers and Petrochemicals Corporation also gained over 6 percent. Gujarat State Fertilisers and Chemicals advanced more than 3 percent, while Chambal Fertilisers and Chemicals rose 1.65 percent.
The gains came after the Cabinet, chaired by Prime Minister Narendra Modi, approved the Department of Fertilisers' proposal to fix the Nutrient Based Subsidy (NBS) rates for P&K fertilisers for the Rabi season 2026-27, covering the period from October 2026 to March 31, 2027.
The announcement lifted fertiliser stocks as the subsidy is expected to help companies maintain the supply of key fertilisers at affordable prices despite higher input costs.