Madras Fertiliser submits revised revival plan to government

Madras Fertiliser is sharply higher in trade on reports suggesting the company has submitted revised revival plan to the government.

In an interview to CNBC-TV18, AB Khare, CMD of the company spoke about the latest happenings in his company and the sector.

We have circulated our annual report to all our shareholders and we have submitted the revival package to the government regarding loans and interest rates, he said.

Fertiliser is an essential community, if the government tell us to close it down, that much fertiliser will not be produced and it has to be imported from China which will lead to price increase, he added.

People are not interested in buying a fertiliser company that too when it is in loss, said Khare.

For full interview, watch accompanying video...