India's urea import dependency to decrease from 30% to 10-15% due to new capacities.

Crisil Ratings reports India's urea import dependency is expected to decrease to 10-15% in the near to medium term from 30% in the financial year 2020-21, driven by new capacities' commencement and stabilization. This could further accelerate through nano urea adoption, improving operating efficiency and profitability, while adequate subsidy allocation ensures urea industry companies' credit profiles remain stable.

August 25, 2024
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