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.