Budget 2025: Rallis India, UPL, Other Agriculture Shares Gain On Dhan Dhanya Krishi Yojana, Urea Supply
The PM Dhan Dhanya Krishi Yojana is expected to enhance agri productivity, and adopt crop diversification.
Shares of Rallis India Ltd., UPL Ltd., and Coromandel International Ltd. advanced on Saturday as Finance Minister Nirmala Sitharaman presented the Union Budget 2025–26.
The finance minister stated that the government will undertake the PM Dhan Dhanya Krishi Yojana to enhance agriculture productivity and adopt crop diversification in her speech on the budget day.
The PM Dhan Dhanya Krishi Yojana scheme aims to augment post-harvest storage at Panchayat, block level. It will also improve the availability of short-, and long-term credit and benefit 1.5 crore farmers. The finance minister stated the scheme aims to create ample opportunity for rural areas so migration is an option, not a necessity.
Sitharaman said that as consumption of pulses has increased, the government is working towards self-sufficiency in pulses such as Tur, Urad, Masoor. A Makhana (lotus seed) Board will also be set up in Bihar.
The loan limit on modified interest subvention scheme will be raised to Rs 5 lakh from Rs 3 lakh for farmers, fishermen. To further augment urea supply, plant with annual capacity of 12.7 lakh metric tons will be set up in Assam, added Sitharaman.
Agriculture, Fertiliser Stocks Up
Stocks of the crop production companies advanced post the announcements, with Tata-owned Rallis India posting a gain of 2.28% at Rs 246.04 apiece, as of 11:24 a.m.
Shares of India Glycol followed suit, rising 1.49% to trade at Rs 1,296.75 per equity share.
UPL gained 0.98% to advance to Rs 609.65 per share, while fertiliser company Chambal Fertilisers rose 0.65% at Rs 506.95 apiece. Deepak Nitrite saw 0.51% gains at Rs 2,341.95, and Coromandel International shares were trading 0.07% higher at Rs 1,810.90 apiece.
