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.
In an interview to CNBC-TV18 RG Rajan, chairman and managing director, RCF spoke about the financial performance of the company.
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.
In an exclusive interview to CNBC-TV18, RG Rajan, chairman and managing director of RCF said that EBITDAmargins contracted due to foreign exchange fluctuations.
In the fertilizers segment, Rashtriya Chemicals and Fertilisers (RCF) reported poor results for the quarter ended June for FY12. The net profit fell by 80% to Rs 3.96 crore from Rs 19.8 crore in the year ago period, even though net sales saw a 10% increase year-on-year.