Expect subsidy receivable of Rs 800 crore to be paid by March 2018: GSFC

In an interview with CNBC-TV18, VD Nanavaty, Executive Director & CFO of Gujarat State Fertilizers & Chemicals (GSFC) spoke about the latest happenings in his company and sector as well as shared his views on government’s rural focus.

There is a lot of growth story in the rural sector and we expect volume growth of around 25 percent in this quarter, he said.

The company is taking a lot of farm extension services which creates market for our produce, he added.

According to him, the government has been quick in releasing subsidies in FY18.

Subsidy flow has been good this year. We expect subsidy receivable of Rs 800 crore to be paid by March 2018, said Nanavaty.

We expect fertiliser volume growth of 25 percent and 10 percent turnover growth in chemical segment, he further mentioned.

For full interview, watch accompanying video...