The reduction in maximum retail price (MRP) of non-urea fertilisers by public sector producers is expected to hit their profit-ability sharply, a rating agency report said. "The reduction in the MRP of non-urea fertilisers by the public sector fertiliser producers is significantly higher than the decline in raw material prices since March 2016 and may squeeze non-urea producers' operating profitability by around Rs. 3,000-crore," the India Ratings and Research (Ind-Ra) report said. It said the pure play urea producers are unlikely to be affected, but those in the non-urea business will be hit hard.
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