MADRASFERT

Feb 11 (Reuters) - Madras Fertilizers Ltd MDFT.NS:

• MADRAS FERTILIZERS LTD - DEC-QUARTER PROFIT 25.2 MILLION RUPEES

• MADRAS FERTILIZERS LTD - DEC-QUARTER REVENUE FROM OPERATIONS 4.19 BILLION RUPEES

Source: https://nsearchives.nseindia.com/corporate/MADRASFERT_11022026161200_FINAL.pdf

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Nov 11 (Reuters) - Madras Fertilizers Ltd MDFT.NS:

• SEPT-QUARTER STANDALONE PROFIT 129.5 MILLION RUPEES

• SEPT-QUARTER STANDALONE REVENUE FROM OPERATIONS 5.10 BILLION RUPEES

Source text: ID:nNSE86nYrL

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** Indian fertiliser stocks extend gains

** Chambal Fertilisers and Chemicals CHMB.NS and Madras Fertilizers MDFT.NS each up about 3%

** Paradeep Phosphates PRAO.NS up 1.3%, Fertilisers And Chemicals Travancore FCTL.NS and Rashtriya Chemicals and Fertilisers RSTC.NS adds 1.5% and 1.8%, respectively

** Fertiliser supplies one of three key Indian concerns that China is addressing, as relations between the neighbours thaw

** Talks signal both sides trying to ease economic friction created by U.S. tariffs, says Ross Maxwell, global strategy lead at VT Markets

** Enhanced bond with China helps India secure vital industrial inputs, infrastructure supplies, aiding strategic resilience against U.S. protectionism - Maxwell

** China, a key Asian fertiliser exporter, curbed its exports to safeguard local market; India major importer of fertilisers

(Reporting by Hritam Mukherjee in Bengaluru)

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** Shares of Indian fertilizer firms climb on report China lifts export curbs on fertilizers, rare-earths, and tunnel boring machines

** China's foreign minister assured his Indian counterpart on Monday that Beijing already began addressing requests on the three items, the Economic Times reports

** Some shipments are already underway, ET reported, citing people aware of the matter

** Paradeep Phosphates PRAO.NS and Fertilisers and Chemicals Travancore FCTL.NS top gainers, rising 5.34% and 4.2%, respectively

** Chambal Fertilizers CHMB.NS and Rashtriya Chemicals RSTC.NS up 3.5% and 3.3%, respectively

** Shares of Madras Fertilizers MDFT.NS rise 2.4%

** China, which supplies around 90% of the world's rare-earths magnets, imposed the export ban in April

** YTD, PRAO gains most, with an ~85% jump; while RSTC is the biggest laggard, down 14%

(Reporting by Urvi Dugar)

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Feb 11 (Reuters) - Madras Fertilizers Ltd MDFT.NS:

• DEC-QUARTER PROFIT 746.3 MILLION RUPEES

• DEC-QUARTER REVENUE FROM OPERATIONS 8 BILLION RUPEES

Source text: ID:nNSE35XD6F

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By Nikunj Ohri and Sarita Chaganti Singh

NEW DELHI, Jan 27 (Reuters) - Indian Prime Minister Narendra Modi is pouring billions into ailing state-run firms after slowing ambitious divestment plans that were intended to reduce the role of the state in business, according to government sources and a document reviewed by Reuters.

Less than a month into 2025, New Delhi has plans to invest about $1.5 billion in financial rescue packages for two state-owned firms after failing to sell them to private companies.

It has also decided to put in "abeyance" privatisation of at least nine state-owned units after opposition from relevant ministries, according to a document that detailed recommendations of a government panel set up to identify privatisation candidates. The document, reviewed by Reuters, did not cite reasons for the decision.

The nine companies include Madras Fertilizers MDFT.NS, Fertilizer Corp of India, MMTC MMTC.NS and NBCC (India) NBCC.NS, the document showed.

Housing and Urban Development Corp HUDC.NS, that was also identified for privatisation, has now been 'exempted' implying it will not be sold, according to the document.

Among the state-owned companies being revived with government funding is helicopter operator Pawan Hans.

The government is planning to infuse around $230 million-$350 million in Pawan Hans to modernise its aging fleet of helicopters after four failed attempts to sell the company, two government sources said.

The amount of infusion is still being finalised as the options being considered for fleet modernisation include both outright acquisition and leasing, one of the sources said.

The sources declined to be identified because of the sensitivity of the issue.

India's finance and civil aviation ministries did not immediately reply to e-mails seeking comment on the privatisation plans or on the Pawan Hans investment.

The fund infusion in Pawan Hans and plans to halt the privatisation of nine firms have not been previously reported.

In 2021, Modi's government announced a major programme to privatise most of India's state-run companies. The plan was so drastic that even in the four sectors that India sees as sensitive, such as telecoms and banking, it wanted to keep only a minimum presence, while exiting from all other sectors.

But now it is planning rescue and revival plans for companies even outside the sensitive sectors.

Last week, the government announced a $1.3 billion plan to revive debt-laden steel producer Rashtriya Ispat Nigam Ltd (RINL).

The government has also allocated 80 billion rupees in 2024/25 for bond repayments of state-run telco MTNL that has seen a series of defaults lately, according to budget documents for the current year.

PRIVATISATION SLOWDOWN

Four years since the privatisation policy was announced, the Modi government has had only three successes, out of which Air India's sale to the Tata Group was the largest. The other two were indirect holdings in steel-maker Neelachal Ispat Nigam Ltd to Tata Steel TISC.NS and Ferro Scrap Nigam to Konoike Transport Co 9025.T.

Other large sales have either been deferred or delayed.

The U-turn in policy was partly driven by the expectation that some large state-owned firms could be overhauled and made more profitable, helping the government earn dividend income, Reuters has reported previously.

Political pressures on Modi have increased after he came back to power in mid-2024 only with the help of regional allies, making it more difficult to overcome opposition to privatisation by employee unions fearing job losses.

The sale of state refiner Bharat Petroleum Corp BPCL.NS was rolled back in 2022 after failing to get suitors. The ongoing privatisation of Shipping Corp of India SCI.NS and BEML BEML.NS has been stuck for years due to complications over transfer of land holdings. The government has also been dragging its feet on the sale of a majority stake in IDBI Bank IDBI.NS.

In previous years, privatisation formed an important part of the government’s plan to reduce its budget gap. But with the federal fiscal deficit seen falling to a more comfortable 4.9% of GDP in the 2024-25 year, the fiscal push for divestment has waned.

New Delhi is expected to miss its internal stake sale target of 180 billion to 200 billion rupees in 2024-25 (April-March) for the sixth straight year. As of January, government has mopped up 86.25 billion rupees via stake sales in 2024/25.

($1 = 86.4250 Indian rupees)

(Reporting by Nikunj Ohri and Sarita Chaganti Singh; Editing by Ira Dugal and Raju Gopalakrishnan)

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** Shares of Madras Fertilizers MDFT.NS up as much as 8.8% before trimming some gains, last up 5.9% to 111.88 rupees

** The complex fertilizers maker reported a June-qtr profit of 404.8 mln rupees (about $5 mln) from loss of 344 mln rupees a year ago

** Stock sees busiest trading day in 17 sessions, over 2 mln shares traded

** At current price, stock up ~3% this week, snapping two straight weeks of losses

($1 = 83.9500 Indian rupees)

(Reporting by Manvi Pant in Bengaluru)

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** Shares of Indian fertiliser companies surge on media reports a committee nominated by the Goods and Services Tax (GST) council has suggested the removal of fertiliser from the GST ambit

** GST council will meet on June 22

** Removal of GST reduces cost of fertilisers, boosts sales

** Rashtriya Chemicals RSTC.NS, Fertiliser and Chemicals Travancore FCTL.NS, Chambal Fertilisers CHMB.NS, National Fertilizers NAFT.NS, Gujarat State Fertilizers GSFC.NS, Madras Fertilizers MDFT.NS and Zuari Industries ZURI.NS up between 7% and 2.5%

** ZURI top gainer among fertiliser stocks YTD, up ~68%, while Madras Fertilizers top drag, down ~9%

(Reporting by Sethuraman NR in Bengaluru)

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June 7 (Reuters) - Madras Fertilizers Ltd MDFT.NS:

• MANOJ KUMAR JAIN APPOINTED AS CHAIRMAN AND MANAGING DIRECTOR

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** Shares of Madras Fertilizers MDFT.NS are up 4% at 359 rupees

** MDFT resumed operations of its plant in Chennai that was affected by cyclone Michaung

** MDFT shares up more than 30% in Dec; set for biggest monthly gain in 2023

** Fertliser makers have posted solid gains so far this month aided by govt plans to raise subisidies; Chambal FertilisersCHB.NS up ~12% and Rashtriya Chemicals and Fertilizers RSTC.NS up ~18% in Dec.

** MDFT is up ~35% YTD, it had risen ~170% in 2022

(Reporting by Nishit Navin in Bengaluru)

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Dec 21 (Reuters) - Madras Fertilizers Ltd MDFT.NS:

• MADRAS FERTILIZERS LTD - OPERATIONS AT PLANT SHUTDOWN FROM DECEMBER 04 HAVE BEEN RESUMED

Source text for Eikon: ID:nNSE874Pl8

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Adds port hit, fertiliser plant closed in paras 7-9

By Praveen Paramasivam

CHENNAI, Dec 8 (Reuters) - Volunteers waded through stagnant water to hand out food and supplies, and some manufacturing plants remained shut in India's southern tech-and-auto hub district of Chennai on Friday, four days after cyclone Michaung lashed the coast.

At least 14 people, most of them in Chennai and its state of Tamil Nadu, have died in the flooding, triggered by torrential rains that started on Monday.

The cyclone itself made landfall further north in Andhra Pradesh state on Tuesday afternoon.

Authorities said some low-lying areas of the state were still inundated and government officials and volunteers were taking supplies to people stuck in their homes in slums and other areas.

The larger Chennai area is home to the Indian units of several global firms including Hyundai Motor 005380.KS, Daimler and Taiwan’s Foxconn 2317.TW and Pegatron 4938.TW which do contract manufacturing for Apple AAPL.O.

While many of them including Pegatron and Foxconn resumed operations within a day or two of the cyclone making landfall, some plants of the TVS group located in the worst-affected areas are yet to open, industry sources said.

Adani Krishnapatnam Port APSE.NS in Andhra Pradesh, said on Friday the cyclone had "very badly affected" its operations and it was declaring a force majeure period starting Dec. 3.

Force majeure is a notice used to describe events outside a company's control, such as a natural disaster, which usually releases it from contractual obligation without penalty.

State-run Madras Fertilizers MDFT.NS notified stock exchanges that its Chennai plant has been shut and is tentatively expected to resume operations within two to four weeks.

INFRASTRUCTURE QUESTIONED

Information technology (IT) services providers told staff to work from home for the week, while schools and colleges closed. A few schools and colleges were converted into temporary shelters.

This week's floods in Chennai brought back memories of the extensive damage caused by floods eight years ago which killed around 290 people.

In Andhra Pradesh, the damage from the cyclone was relatively contained, with roads damaged and trees uprooted as big waves crashed into the coast.

Defence Minister Rajnath Singh visited Chennai on Thursday and announced New Delhi will release a second instalment of 4.5 billion rupees ($54 million) to Tamil Nadu to help manage the damage. The federal government has also approved a 5.6 billion-rupee project for flood management in Chennai, he said.

Chennai residents questioned the ability of the city's infrastructure to handle extreme weather.

"Not only has urbanisation itself caused a problem, but the nature of the urbanisation has preyed upon open spaces, holding areas like marshlands and flood plains," social activist Nityanand Jayaraman said.

Experts have, however, said better stormwater drainage systems would not have been able to prevent the flooding caused by very heavy and extremely heavy rains.

"This solution would have helped a lot in moderate and heavy rainfall, but not in very heavy and extremely heavy rains," Raj Bhagat P, a civil engineer and geo-analytics expert, said on Wednesday.

($1 = 83.3720 Indian rupees)

(Additional reporting by Rama Venkat in Bengaluru; Editing by YP Rajesh and Andrew Heavens)

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Sept 26 (Reuters) - Madras Fertilizers Ltd MDFT.NS:

• APPOINTMENT OF PRIYARANJAN PANDA AS CHIEF FINANCIAL OFFICER W.E.F. AUGUST 08

Source text for Eikon: ID:nNSE5gf1NN

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Aug 17 (Reuters) - Madras Fertilizers Ltd MDFT.NS:

• MADRAS FERTILIZERS - PLANT SHUTDOWN FOR ANNUAL TURNAROUND ACTIVITIES HAS RESUMED OPERATIONS

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Aug 8 (Reuters) - Madras Fertilizers Ltd MDFT.NS:

• MADRAS FERTILIZERS LTD JUNE-QUARTER LOSS 344 MILLION RUPEES VERSUS PROFIT 630.2 MILLION RUPEES

• MADRAS FERTILIZERS LTD JUNE-QUARTER REVENUE FROM OPERATIONS 5.29 BILLION RUPEES VERSUS 8.13 BILLION RUPEES

Source text for Eikon: ID:nNSE7jVwpT

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July 18 (Reuters) - Madras Fertilizers Ltd MDFT.NS:

• ADDITIONAL CHARGE OF CHAIRMAN AND MD ASSIGNED TO KISHOR RUNGTA

Source text for Eikon: [ID:]

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May 17 (Reuters) - Madras Fertilizers Ltd MDFT.NS:

• MARCH-QUARTER PROFIT 473.2 MILLION RUPEES VERSUS 953.7 MILLION RUPEES

• MARCH-QUARTER REVENUE FROM OPERATIONS 7.68 BILLION RUPEES VERSUS 7.77 BILLION RUPEES

Source text for Eikon: [ID:]

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