Tulsian on fertiliser and sugar sectors, IFCI and Pipavav

SP Tulsian of sptulsian.com joins CNBC-TV18 to give his perspective of where the fertilizer sector is headed post the confusion over the new fertilizer policy not going through and on some other stocks like Pipavav and IFCI.

Below is the edited transcript of the interview. Also watch the accompanying video. Q: Any clarity over the weekend about what exactly the issue was between the finance ministry and whether that has been sorted out for the fertilizer companies?
A: I read it more in respect to the new capacity creation and what I have implied from the rejection or the apprehensions of the finance ministry is more on account of that. But when you have not created the new capacity, I am talking especially in case of urea, in last 10 years, you are bound to have a short fall. That short fall is not going unsatisfied, it is met by the import. On that, we have the higher subsidy outgo or maybe the deficit burden nearly on the pretext that no gas is available, and hence, no capacity should be allowed. I don