In an interview to CNBC-TV18, Suresh Warior, Director-Finance at Rashtriya Chemicals and Fertilisers (RCF) detailed the impact of the new urea policy.
Fertiliser stocks are buzzing ahead of the Budget on expectations of government focus on agriculture.
The roadshows for the stake sale of NFL and RCF to being in the third week of October, said Manoj Mishra, CMD, NFL.
Recent news reports suggested that the government announced a cut in prices of fertilisers such as Diammonium Phosphate (DAP). Speaking to CNBC-TV18, Satish Chander of the Fertiliser Association of India said only government fertiliser companies have been told to cut prices. Pricing power is with private companies, he said.
Margins are expected to improve this year and volumes may go up 10-20 percent with the onset of a healthy monsoon, says RG Rajan, CMD of Rashtriya Chemicals & Fertilizers.
In an interview with CNBC-TV18, RG Rajan, CMD of RCF said that the direct benefit transfer for fertilisers announced in the Budget is a 'welcome step'.
After power, the Oil Ministry has moved a proposal to pool or average out prices of domestic natural gas and imported LNG used by fertilizer plants to make the cost of fuel uniform and affordable.
Kerala cabinet has decided to waive off value added tax (VAT) on natural gas supplied to Fertilisers and Chemicals Travancore (FACT), raising the prospects of an immediate revival of the company,
For full year FY15, working capital requirement stands higher at 1700 crore, says RG Rajan, CMD, RCF.
Fertilizer stocks have been in the limelight post a CNBC-Awaaz exclusive, which states that the government has notified a New Urea Investment Policy.
The move is expected to lead to an increase in subsidy by about Rs 900 crore which will have a positive impact on urea players.
In an interview to CNBC-TV18, RG Rajan, CMD of Rashtriya Chemicals and Fertilisers (RCF) spoke current subsidy burden and the road ahead.
RG Rajan, CMD, Rashtriya Chemicals and Fertilisers (RCF), says that he expects disinvestment in the company to happen in the last quarter of this financial year and via OFS. We are still waiting for final communication from the government.
Tarun Surana of Sunidhi Securities, says that the immediate beneficiary in terms of incremental EPS from the government move to encourage investments in urea manufacturing will be Chambal Fertilizer and RCF.
RG Rajan, CMD, Rashtriya Chemical Fertilisers (RCF) explains on CNBC-TV18 that the new investment policy, based on import parity pricing, maybe approved during this week or next and calls for a hike in urea prices as P&K (phosphorus and potassium) prices have gone up.
RG Rajan, chairman and managing director of Rashtriya Chemicals and Fertilizers (RCF) says the government will divest 12.5% stake in the company by the year-end.
The fertilizer subsidy for FY13 has been pegged at Rs 610 billion in the Union Budget 2012. RG Rajan, chairman and managing director, RCF believes since there has been a substantial fall in the international price of DAP, MOP and NPK, this number is correct.