China Eases Urea Export Restrictions to India, Potentially Impacting NFL
China has relaxed its urea export policies toward India, potentially affecting companies like National Fertilizers Limited (NFL). This decision could increase urea supply to India, stabilizing prices and improving availability for farmers. NFL may face changes in supply chain dynamics, pricing strategies, and market share. The move signals improved India-China relations and could benefit India's agricultural sector through better fertilizer access, price stabilization, and enhanced food security efforts.
07Aug 25
National Fertilizers Limited to Review Quarterly Results and Consider Final Dividend
National Fertilizers Limited (NFL) has scheduled a board meeting for August 14 to review the financial results for the quarter ended June 30 and consider recommending a final dividend. The board will examine both standalone and consolidated un-audited financial results. NFL has implemented a trading window closure from July 1 to August 16 for designated persons and their immediate relatives, in compliance with regulatory requirements.
26Jul 25
National Fertilizers Limited Forms Joint Venture for New Ammonia-Urea Plant in Assam
National Fertilizers Limited (NFL) has entered a joint venture agreement to establish a new Ammonia-Urea Complex in Namrup, Assam. The venture, Assam Valley Fertilizer And Chemical Company Limited (AVFCCL), involves five partners including the Government of Assam, Oil India Limited, Hindustan Urvarak & Rasayan Limited, and Brahmaputra Valley Fertilizer Corporation Limited. NFL has invested Rs. 1.80 lakh for an 18% stake in AVFCCL. The project has a tentative 48-month completion timeline and requires approval from the Department of Fertilizers. AVFCCL is incorporated with an authorized capital of Rs. 10.00 crores and a paid-up capital of Rs. 10.00 lakh.
22Jul 25
National Fertilizers Limited Appoints Ms. Ritu Goswami as Additional Director (Technical)
National Fertilizers Limited (NFL) has appointed Ms. Ritu Goswami as Director (Technical) on its Board, effective July 22, 2025. Ms. Goswami, currently Director (Technical) at Rashtriya Chemicals & Fertilizers Limited, will hold this additional charge for six months or until a regular incumbent is appointed. With over 35 years of experience in the fertilizer industry, Ms. Goswami brings expertise in project management, technology selection, and production optimization. Her appointment is expected to strengthen NFL's technical capabilities in the fertilizer sector.
04Jul 25
National Fertilizers Limited Faces ₹116.01 Crore GST Refund Recovery Notice
National Fertilizers Limited (NFL) has received a notice for the recovery of GST refunds totaling ₹116.01 crore for the fiscal year April 2022 to March 2023. This significant sum could impact the company's financial position and liquidity. The notice highlights ongoing regulatory scrutiny in the fertilizer sector and the complexities surrounding GST regulations and refunds.
04Jul 25
DIPAM Seeks Fresh Bids for National Fertilizers Limited Offer For Sale
The Department of Investment and Public Asset Management (DIPAM) has launched a new round of bidding for an Offer For Sale (OFS) of National Fertilizers Limited (NFL). This move indicates a potential shift in the government's disinvestment strategy for the company. While specific details about the offer size and timeline are yet to be disclosed, the announcement is part of the government's ongoing efforts to manage its public sector enterprises. The news could impact NFL's stock performance, with investors and analysts awaiting further details from DIPAM regarding the OFS process.
30May 25
National Fertilizers Q4 Results: Net Profit Dips YoY, Shows QoQ Improvement
National Fertilizers Ltd's Q4 financial results show a mixed performance. Revenue decreased to ₹4,460.00 crore, down 15.60% YoY. EBITDA fell to ₹230.00 crore, a 39.79% YoY decline, with EBITDA margin contracting to 5.26%. Net profit dropped to ₹97.30 crore, a 46.54% YoY decrease. However, the company saw a significant QoQ improvement in net profit, rising from ₹30.90 crore to ₹97.30 crore, a 214.89% increase.
National Fertilizers Faces ₹383.34 Crore Tax Demand for GST Refunds
National Fertilizers Limited (NFL) has received tax demand orders totaling ₹383.34 crore from the State Tax Officer in Ahmedabad. The demands stem from GST audits for FY 2021-22 (₹189.83 crore) and FY 2022-23 (₹193.51 crore), challenging NFL's GST refund claims under the inverted duty structure. The tax department cites a 2020 circular stating that refunds don't apply when input and output supplies are the same. NFL argues that government subsidies led to ITC accumulation and plans to file a reply or appeal. The company reports no material impact on its operations.
20Feb 25
National Fertilizers Limited to Join Strategic Joint Venture for New Ammonia-Urea Complex in Assam
National Fertilizers Limited (NFL) has approved participation in a joint venture to establish a new ammonia-urea complex in Namrup, Assam. NFL will hold an 18% equity stake in the project, which aims to expand production capacity in Northeast India. The Namrup IV project, approved by the Department of Fertilizers, is set to be completed within 48 months from the start date. This strategic move is expected to strengthen NFL's market position and support the region's agricultural sector.