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Mangalore Chemicals and Fertilisers
yay!MoF clears Rs 22K cr cash as subsidy
Posted by :
anu11Tracked by: 0 Boarder
MoF clears Rs 22K cr cash as subsidy for fert cos
Published on Wed, Aug 20 at 13:46 , Updated at Wed, Aug 20 at 14:27
Source : CNBC-TV18
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Ram Vilas Paswan, Minister of Chemicals & Fertilizers and Steel has said that Ministry of Finance has cleared Rs 22,000 crore in cash as subsidy for fertiliser companies. He said that the second tranche of Rs 32,000 crore subsidy would also be paid in cash. The government will pay the first two tranches of fertiliser subsidy within three months, he said. The first two tranches of fertiliser subsidy would amount to Rs 54,000 crore, he said.
Paswan said that he has called a meeting to review the iron ore prices. He sees the total fertiliser subsidy burden at Rs 1,19,000 crore.
...
gk what is your view on policy ??
Posted by : anu11Tracked by: 0 Boarder
MoF clears Rs 22K cr cash as subsidy for fert cos
Published on Wed, Aug 20 at 13:46 , Updated at Wed, Aug 20 at 14:27
Source : CNBC-TV18
Email Print
ads by google
SEAL Analytical Automated Discrete and Continuous Flow Analyzers
Indian Farmers Fertiliser Challenging Positions. High Salary Real Companies. Apply Now!
Ram Vilas Paswan, Minister of Chemicals & Fertilizers and Steel has said that Ministry of Finance has cleared Rs 22,000 crore in cash as subsidy for fertiliser companies. He said that the second tranche of Rs 32,000 crore subsidy would also be paid in cash. The government will pay the first two tranches of fertiliser subsidy within three months, he said. The first two tranches of fertiliser subsidy would amount to Rs 54,000 crore, he said.
Paswan said that he has called a meeting to review the iron ore prices. He sees the total fertiliser subsidy burden at Rs 1,19,000 crore.
...
In reply to:
gk what is your view on policy ??
Posted by :
gkmurthy1748
goi agreed for half the amount ==================the cos have to cover this gap with gas supply and new ventures ====anyhow so far so good=================this gap will be covered in one or two years with kg basin ========to get 100 we have to wait 2 years ==i feel so = a little disappointment ====there may be further rounds ============rcf not satisfied ========= 
gk what is your view on policy ??
Posted by : anu11Tracked by: 0 Boarder
Sirji
New policy of greenfield by Apr '09 or later . Is it advisable to xit the stock and comeback later ??...
In reply to:
gk what is your view on policy ??
Posted by : gkmurthy1748
goi agreed for half the amount ==================the cos have to cover this gap with gas supply and new ventures ====anyhow so far so good=================this gap will be covered in one or two years with kg basin ========to get 100 we have to wait 2 years ==i feel so = a little disappointment ====there may be further rounds ============rcf not satisfied =========
miss ur views GK
Posted by : jasaviTracked by: 0 Boarder
miss ur views GK. ANY UPDATE ON MANGALORE CHEM ?...
viewpoint on fert stocks
Posted by : jasaviTracked by: 0 Boarder
Investment Advisor SP Tulsian is of the view that fertiliser space is looking positive for long term.
Tulsian told CNBC-TV18, \\\\...
GK jasavi pls comment-Greenfield policy
Posted by : anu11Tracked by: 0 Boarder
Atul Chaturvedi, Secretary of the Fertiliser Department, said the urea price accounts for gas pricing, capital investment cost and rate of return.
He said he has reassured fertiliser companies on subsidy payment as budgeted. Government has committed to pay subsidy and it will be paid on time and in cash. They are in talks with oil ministry for stable gas pricing.
The Fertiliser Secretary expects a blueprint for Greenfield projects to be ready by FY09-end.
He said that he has not heard from Reliance and would like welcome them into the sector.
Excerpts from CNBC-TV18’s exclusive interview with Atul Chaturvedi:
Q: If you could start by talking about the price cap for Urea, which was fixed, given international prices how did you go about fixing that pricecap?
A: While working the pricecap, we took two-three parameters that is the capital investment cost, internal rate of return and the gas pricing. With the current gas pricing the minimum capital investment and reasonable rate of return we have calculated the cap, which comes to about USD 250 per metric tonne. We have also taken into account the escalation in gas prices and capital cost. It is slightly better internal rate of return and keeping these two-three parameters on the lower side and on the higher side, we have fixed these caps and it has been found out after detailed calculations.
Q: The problem with the fertilizer companies, as the managements keep telling us is that one thing to make profits under the current pricing structure but it is another thing to get the cash from the government. Has there been any deliberations on how these companies will be paid whether it will be cash or large part issuance of bonds because cash flows are as important as declare profits for the fertilizer companies today?
A: We had very detailed discussions with the companies and we have reassured them that the cash would be paid as promised in the budget. We are clearing their subsidy claims as and when they arrive and we will continue to clear them to the extent they submit it to us within a definitive timeframe. So we are not going to have any cash crunch in that sense because they want their money back and we would be paying the subsidies. So I do not feel that there would be any reason for anxiety in the minds of fertilizer companies.
More to come...
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rcf plans in light of new policy
Posted by : anu11Tracked by: 0 Boarder
rcf plans has announced debottlenecking plans in light of new policy
any idea of mangalore chem...
what say GK ???
Posted by : jasaviTracked by: 1 Boarder
what is your view on the new urea policy ??? please do advise . ...
In reply to:
what say GK ???
Posted by :
santhosho
IPP will be given green signal by cabinet by this week itself....wait patiently...Differents funds have already started hunting for the best price...May be slight shorting can happen in next few days if so add up or average your portfolio...Dont SELL...
Cheers..
Santhosh Kumar.O
gk what is your view on policy ??
Posted by : gkmurthy1748Tracked by: 0 Boarder
goi agreed for half the amount ==================the cos have to cover this gap with gas supply and new ventures ====anyhow so far so good=================this gap will be covered in one or two years with kg basin ========to get 100 we have to wait 2 years ==i feel so = a little disappointment ====there may be further rounds ============rcf not satisfied =========...
In reply to:
gk what is your view on policy ??
Posted by : jasavi
gk what is your view on policy ??
gk what is your view on policy ??
Posted by : jasaviTracked by: 0 Boarder
gk what is your view on policy ??...
what say GK ???
Posted by : anu11Tracked by: 1 Boarder
BY WHEN IS this meeting happening ...
In reply to:
what say GK ???
Posted by : gkmurthy1748
international price parity =====================donot sell ===========by dec rs 60 ====================
what say GK ???
Posted by : gkmurthy1748Tracked by: 1 Boarder
international price parity =====================donot sell ===========by dec rs 60 ====================...
In reply to:
what say GK ???
Posted by : jasavi
can you please explain what is ipp
one lakh cr
Posted by : gkmurthy1748Tracked by: 0 Boarder
one lakh cr subsidy agreed by govt ==it will get the assent of parliament during this session ===next step investment polocy ====then international price parity ======================by december 100 and above...
what say GK ???
Posted by : gkmurthy1748Tracked by: 1 Boarder
why week end ? ==========================every day =====================goi has to cough 68000 cr rs in cash ==no other chance ...
In reply to:
what say GK ???
Posted by : jasavi
Hope you had a good weekend
any idea by when the intl price parity policy is being announced in urea ??
international price======================
Posted by : gkmurthy1748Tracked by: 0 Boarder
it appears you have not seen atlas during your school days ==kakinada is on east coast and mangalore is on west coast ===they will get kg basin gas but it takes some time ====fertilisers horizon is 5 years ===...
In reply to:
international price======================
Posted by :
agrawalknath
yes mr.gkmurthy I agree with your views. I am confident that the stock will be multybaggers and may touch Rs. 300 to 500 in 5 years timeframe. Do you know who is the chairman of Mangalore Chem.........Mr. Vijaya Mallya the head of UB Group is the chairman of this Company. The company have some other price booster factors. The Co. is going to receive the gas for its plant from Reliance K.G.Basin which is in the nearest region of company. The Co. has a huge land Bank of over 4000 crore which may result in a free shares like India Bulls shareholders in future development.
K.N.Agrawal Mirzapur U.P. agrawalknath.
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