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Gas price hike likely to hit fertiliser companies' earnings
The Indian fertiliser industry is expected to see subdued earnings due to an increase of nearly a sixth in natural gas prices, which constitutes more than three-fourth of the cost of fertiliser, mainly urea. The upward revision of around 17 per cent in natural gas prices, which came on the back of six monthly price revision that took place on September 29, is likely to slow down the industry's earnings that was seeing a revival.
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