Fertilisers and Chemicals Travancore (FACT) will become profitable in FY18, says CMD AB Khare in an interview to CNBC-TV18.
Caprolactam fertilizer prices have shot up to USD 1890 per tonne, but FACT is not producing it for last 5 years, said the company‘s CMD AB Khare.
Fertiliser stocks have been buzzing on the back of expectations that the government will focus on the agriculture and rural theme in the upcoming Budget.
"Since the price has started moving up, we have thought to start the production again", AB Khare, CMD of FACT told CNBC-TV18.