RCF reported a weak quarter. In an interview with CNBC-TV18, Suresh Warior, Director of Finance of the company discussed the company's Q2 performance.
In an interview to CNBC-TV18, CMT Britto, CMD of RCF spoke about the results and his outlook for the company.
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.
EBITDA was down because of a drop in import parity price of Urea and topline was impacted due to discontinuation of one product, said Suresh Worrior, Director Finance, RCF.
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.
In an interview with CNBC-TV18, RG Rajan, CMD of RCF said that the company has received Rs 1500 crore in subsidy for FY16 and expects FY17 to be better on the back of good monsoons.
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'.
Energy conservation, optimisation of all resources to help improve performance going forward, says RG Rajan, CMD of Rashtriya Chemicals and Fertilisers.
The company imports around 15-20 percent of LNG that is used, said CMD of Rashtriya Chemicals and Fertilisers.
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,
Discussing company results, Neeru Abrol, CMD, National Fertilisers, said the conversion of three units to gas-based plants helped in improving earnings and expects plants like Nangal, Panipat to see 100 percent utilisation in H2.
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.
According to RG Rajan, if the gas price doubles to USD 8.4/mmbtu, RCF‘s subsidy burden will go up by around Rs 1,400 crore per annum.
RG Rajan, CMD at RCF expects higher sales in the second half of the fiscal year. He says around 8 percent EBITDA margins or more can be expected in the remaining quarters.
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.
In an interview to CNBC-TV18, RG Rajan, chairman and managing director, RCF says the company may be about five percent short in the overall sales of fertilisers this year. "I think we may be marginally short than last year. Last year, we have done close to 41 lakh tonne," he adds.