Tighter energy norms to cut urea profitability; gas prices may cushion hit: Crisil

Tighter energy norms could reduce urea manufacturers' profitability by nearly 25% to around Rs 1,250 per tonne, while the impact could vary depending on gas prices, with higher prices potentially reducing the decline by Rs 75-100 per tonne this fiscal, Crisil said. The rating agency said in its report, India's urea manufacturing capacity is broadly divided into two categories